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Full text of "Annual Report of the Commissioner of Banks for the Year Ending December 31, 1958. Section D Relating to Trust Companies and Certain Other Financial Institutions"

Public Document No. 8 



Wbt Commontoealtf) oC iHa£*acim*ett* 
Division of Banks and Loan Agencies 




ANNUAL REPORT 



OF THE 



COMMISSIONER OF BANKS 



FOR THE 



Year Ending December 31, 1958 



SECTION D 

RELATING TO 

TRUST COMPANIES AND CERTAIN 
OTHER FINANCIAL INSTITUTIONS 



l 4^ 



STATE UBUWflFBSMISEITS 
JUN 11 1959 

Sail HOUSE, BOSTON 






J£tje Commontoealtf) of fHas^acfjutfette 

DIVISION OF BANKS AND LOAN AGENCIES 
109 State House, Boston 



COMMISSIONER OF BANKS 
Edward A. Counihan, III 

DEPUTY COMMISSIONER OF BANKS 
Daniel J. O'Connor 

CHIEF DIRECTOR OF BANK EXAMINATIONS 
Patrick J. Moynihan, C.P.A. 

DIRECTOR OF TRUST COMPANY EXAMINATIONS 
Frank A. Hannan 

assistant director of tri)st, company examinations 

George W. Barron 

DIRECTOR, O.F -RESEARCH' AND STATISTICS 
George C. Mansfield 

SENIOR ATTORNEY 
John P. Clair 



Publication of this Document Approved by Bernard Solomon, State Purchasing Agent. 
400-4-59-925202 



CONTENTS 



Page 
Trust Companies: 

Abstracts of Annual Reports 18 

Aggregate Statements, etc 61 

Alphabetical Index 1 

General Remarks iv 

Lists Showing Location, President, Treasurer, Directors, etc. 4 

Corporations Subject to General Laws, Chapter 172A: 

Lists Showing Location, President, Treasurer, Directors, etc. 16 

General Remarks viii 

Statements of Condition 76 

Miscellaneous Financial Institutions: 

Brown Brothers Harriman & Company, Statement of Condition 81 

Massachusetts Hospital Life Insurance Co., Balance Sheets . . 80 



Holding Companies. « • I *■ ' • 

» • • « « 



Bay State Corporation 82 



Shawmut Association 83 



Transmission Agencies: 

General Remarks viii 

Statements of Amounts Transmitted 79 



tyfyt Commoutoealtf) of jfflajteacfju^ette 

OFFICE OF THE COMMISSIONER OF BANKS 
STATE HOUSE, BOSTON, APRIL 1, 1949 

TO THE HONORABLE SENATE AND HOUSE OF 
REPRESENTATIVES OF THE COMMONWEALTH 
OF MASSACHUSETTS: 

Pursuant to the provisions of General Laws, Chapter 167, Section 9, 
as most recently amended by section 1 of Chapter 592 of the Acts of 
1949,1 have the honor of submitting to you herewith, the annual report of 
the Commissioner of Banks relating to Trust Companies and Certain 
Other Financial Institutions for ttie year ending December 31, 1958. 

In accordance with the amended provisions of the above mentioned 
statute, a report will be rendered each year embracing a review of 
pertinent facts, figures and conditions pertaining to all institutions under 
the supervision of this department. This report will cover a calendar 
year. 

In addition, reports pertaining to particular types of supervised in- 
stitutions will be submitted each year. These reports, which will in- 
clude statements of condition and miscellaneous statistical data relating 
to the institutions individually and collectively, will cover yearly periods 
ending in the months indicated in the following table: 

Co-operative Banks and Savings and Loan Associations April 

Credit Unions June 

Savings Banks and Institutions for Savings October 

Trust Companies and Certain Other Financial Institutions December 

Respectfully, 

Edward A. Counihan, III 

COMMISSIONER OF BANKS 



iv P.D. 8, Section D. 

TRUST COMPANIES 

The Pilgrim Trust Company of Boston converted to a national bank 
on- April 18, 1958 and the Springfield National Bank merged with the 
Union Trust Company of Springfield, as of the close of business Janu- 
ary 17, 1958, under the charter of the Trust Company, the name being 
changed to the Valley Bank and Trust Company. 

The Chelmsford Bank and Trust Company of Chelmsford opened for 
business on January 6, 1958 and the Dedham Trust Company of Dedham 
on January 13, 1958. 

The total resources of Massachusetts Trust Companies as of De- 
cember 31, 1958, numbering sixty, amounted to $1,994,147,000, a gain 
of $126,773,000, for the year of 1958. A large part of this increase is 
attributable, however, to assets acquired by the merger of a national 
bank with a trust company, less the loss sustained by the conversion of 
a trust company to a national bank. Disregarding the extraordinary in- 
crease that occurred from this source, the gain in resources of all trust 
companies was very substantial. Total capital accounts amounted to 
$195,623,000, larger by $11,750,000, than the total shown on December 
31, 1957. 

Net current earnings before income taxes for the year 1958 suffered 
a material reduction as compared with the year of 1957. Gross earn- 
ings were better by $4,711,507, every category greater than the cor- 
responding figure for 1957 but not enough to cope with the ever increas- 
ing cost of doing business. Income taxes paid or due to federal and state 
governments amounted to $14,649,195, an increase of $3,210,074, or 
about 48% of net profits, which amounted to $30,441,867, a gain of 
$6,355,434, or over 26%. Dividends paid to stockholders in 1958 amounted 
to $7,800,068, an increase of close to $600,000, representing a distri- 
bution of 49.39% of net profits after taxes. 

The percentage of net capital funds to total net assets on December 
31, 1958 was 8.84%, a slight decrease from the percentage of 9% shown on 
December 31, 1957, but still larger than the average percentage for the 
past ten years. 



COMMERCIAL DEPARTMENTS 

The total resources of commercial departments of trust companies 
on December 31, 1958 amounted to $1,717,228,000, a gain of $100,715,000 
for the year of 1958. All types of deposits increased except those of the 
U. S. Government, the total increase amounting to $85,972,000. Cash on 
hand, due from other banks, and U. S. Government obligations, amount- 
ing to $861,834,000 were $90,438,000 greater than the aggregate amount 
of similar assets on December 31, 1957, and were 50.19% of total as- 
sets. Total loans were somewhat lower but installment loans continue 
their uninterrupted growth, and have reached a figure of $154,121,000 
or nearly 9% of total resources of this department. 



SAVINGS DEPARTMENTS 

The total resources of the fifty-five savings departments of trust 
companies on December 31, 1958 amounted to $276,919,000, an increase 
of $26,058,000 since December 31, 1957. Even though a large part of 
this gain is the result of a merger and conversion, it still represents 
quite a substantial gain for the second consecutive year and appears to 
indicate a reversal of the downward trend that has existed since 1946. 



P.D. 8, Section D. v 

The recent growth of these departments was due in large measure un- 
doubtedly to the higher level of interest rates now being paid to deposi- 
tors and also, perhaps, to the realization of management that these de- 
partments serve a worthwhile and profitable purpose; that from the 
standpoint of public relations they are indispensable and an important 
feeder to other departments and activities of the bank. From 1948 to 
1956 not more than four of these departments were paying over 2-1/4% — 
in 1948, 1949, and 1950, there were none. In 1957, twenty-one of these 
departments, and in 1958 twenty-five, were paying more than 2-1/4% 
while ten were paying more than 2-3/4%, most of these, if not all on a 
current 3% basis. The average interest rate has risen from 1.17% in 
1948 to 2.29% in 1958. Cash, due from banks, and U. S. Government 
bonds totalled $113,541,000, an increase of $13,728,000, and bear aratio 
to aggregate assets of 41%. The increase in assets was invested in U.S. 
Government obligations, other public funds and in real estate loans. 
Capital accounts, including the guaranty fund which constitutes over 56% 
of the total capital accounts and which is available solely for the absorp- 
tion of losses in savings departments, now aggregate $21,267,000, and 
bear a ratio of 8.46% to total deposits. 

As additional protection to depositors in both the savings and com- 
mercial departments, all but four of the trust companies in this state 
provide insurance in the Federal Deposit Insurance Corporation, where- 
by the accounts of each depositor are insured in the aggregate amount 
of $10,000. 

TRUST DEPARTMENTS 

The resources of trust departments on December 31, 1958 aggre- 
gated $2,566,064,000, based on values carried on the books of the banks, 
a gain of $177,684,000. The steady and substantial growth of these de- 
partments and the competence and dedication exhibited in their admin- 
istration merit the pride and confidence of all. They are making an im- 
portant contribution to the economy of the state and nation. 

There are forty trust companies that have been authorized to exer- 
cise fiduciary functions that are actually so engaged. There are thirty 
trust companies that have agency or custodian accounts in regard to 
which certain ministerial and agency functions are performed, usually 
by trust department personnel. This group of banks carry the assets of 
agency accounts on their books at $4,080,710,000, an increase over 1957 
of $349,878,000. 

Fourteen trust companies had $372,383,000 of assets as transfer, 
escrow, bond and coupon paying agent, registrar, depository, or in simi- 
lar trustee or agency capacities. 

COMPARATIVE FIGURES RELATING TO ALL TRUST COMPANIES ON DECEMBER 31, 1958 

AND DECEMBER 31, 1957 
(Amounts shown in thousands.) 

1958 1957 Increase 

Number of trust companies 60 59 1 

Members of Federal Deposit Insurance Corporation 56 55 1 

Members of Federal Reserve System 23 24 1* 

Commercial Departments: 

Capital Stock $ 51,142 $ 50,866 $ 276 

Surplus, undivided profits and reserves 1-2 123,214 112,971 10,243 

Deposits 1,506,972 1,421,001 85,971 

Total assets 1,717,228 1,616,513 100,715 

Savings Departments: 

Guaranty Fund, profit and loss and reserves 3 21,268 20,036 1,232 

Deposits 251,370 227,208 24,162 

Total assets 276,919 250,861 26,058 

Trust departments, total assets 2,566,064 2,388,380 177,684 

Total resources in all departments 4,560,211 4,255,754 304,457 

* Decrease 2 Includes valuation reserves (1958)$1 9,31 4; (1957)$15,625. 

1 Includes earnings retained intrust departments. 3 Includes valuation reserves (1958) $1,897; (1957) $1,666. 



VI 



P.D. 8, Section D. 



Date 
Approved 

July 14, 1958 



Name of Bank 

Hadley Falls Trust Com- . . . 
pany, Holyoke 



REDUCTION OF PREFERRED STOCK 

Total 
Preferred 

Stock 
Outstanding 



Amount 
Reduced 

$600,000 



Total 

Common 

Stock 

Outstanding 

$1,000,000 



Total 

Capital 

Stock 

Outstanding 

$1,000,000 



INCREASES OF COMMON STOCK 

Date 

Approved Name of Bank 

Jan. 6, 1958 Chelmsford Bank and Trust Company, Chelmsford . . . 

Jan. 13, 1958 Dedham Trust Company, Dedham 

Jan. 15, 1958 Saugus Trust Company, Saugus 

Feb. 6, 1958 Randolph Trust Company, Randolph 

Feb. 7, 1958 Dedham Trust Company, Dedham 

Feb. 20, 1958 Chelmsford Bank and Trust Company, Chelmsford . . 

July 14, 1958 Hadley Falls Trust Company, Holyoke 

Nov. 7, 1958 Guaranty Trust Company, Waltham 

Dec. 11, 1958 Wakefield Trust Company, Wakefield 



Increase 


Authorized 


Approved 


Capital 


$100,000 


$100,000 


125,000 


125,000 


25,000 


125,000 


50,000 


200,000 


25,000 


150,000 


30,000 


130,000 


60,000 


1,000,000 


41,000 


250,000 


100,000 


200,000 



Effective 
Date 

Apr. 18, 1958 



REDUCTION OF COMMON STOCK 



Name of Bank 



Pilgrim Trust Company (Merged with Merchants National Bank 
of Boston) 



Amount of 
Decrease 

$1,500,000 



Commenced 
Business 

Jan. 6, 1958 
Jan 13, 1958 



NEW TRUST COMPANIES COMMENCING BUSINESS 



Name of Bank 



Chelmsford Bank and Trust Company, Chelmsford 
Dedham Trust Company, Dedham 



Location 

44 Central Square 
567 High Street 



Date 




Authorized 


Jan. 


17, 


1958 


Jan. 


17, 


1958 


Jan. 


17, 


1958 


Jan. 


17, 


1958 


Jan. 


17, 


1958 


Jan. 


17, 


1958 


Jan. 


17, 


1958 


Jan. 


17, 


1958 


May 


26, 


1958 


May 


26, 


1958 


June 


26, 


1958 


Aug. 


15, 


1958 


Dec. 


15, 


1958 


Dec. 


15, 


1958 


Dec. 


18, 


1958 


Dec. 


29, 


1958 



BRANCH OFFICES AUTHORIZED 

Name of Bank Location 

Valley Bank and Trust Company, Springfield 1531 Main Street 

Valley Bank and Trust Company, Springfield 51 Springfield Street, Agawam 

Valley Bank and Trust Company, Springfield 526 Sumner Avenue 

Valley Bank and Trust Company, Springfield 144 Main Street, Indian Orchard 

Valley Bank and Trust Company, Springfield 9 Libcar Street 

Valley Bank and Trust Company, Springfield 398 Longmeadow Street, Longmeadow 

Valley Bank and Trust Company, Springfield Parker Street and Wilbraham Road 

Valley Bank and Trust Company, Springfield 794 State Street 

Wakefield Trust Company, Wakefield American Mutual Insurance Company 

Building, off North Avenue 

Beverly Trust Company, Beverly Walnut Road, South Hamilton 

Valley Bank and Trust Company, Springfield 315 Boston Post Road 

Naumkeag Trust Company, Salem Central Street 

Gardner Trust Company, Gardner Main Street, Westminster 

Hadley Falls Trust Company, Holyoke Fairview Section, Chicopee 

Guaranty Trust Company, Waltham 424 Trapelo Road 

Depositors Trust Company, Medford Depot Square, Lexington 



Date 
Authorized 

June 26, 1958 

June 26, 1958 

Aug. 15, 1958 

Dec. 15, 1958 



CHANGES IN LOCATION AUTHORIZED 

Name of Bank Location 

Bristol County Trust Company, Taunton 

(Branch Office) 28 Jefferson Street 

Valley Bank and Trust Company, Springfield 

(Branch Office) 1910-1920 Wilbraham Road 

Valley Bank and Trust Company, Springfield 

(Branch Office) 461-463 Sumner Avenue 

Valley Bank and Trust Company, Springfield 

(Branch Office) 185-191 Main Street Indian Orchard 



CORPORATIONS SUBJECT TO CHAPTER 172A OF THE GENERAL LAWS 

Date 
Authorized Name of Bank Location 



June 26, 1958 Industrial City Bank and Banking Company, Worcester 



Harding and Ellsworth Streets 



P.D. 8, Section D. 



Vll 



LEGISLATION ENACTED RELATING TO TRUST COMPANIES 

AND CERTAIN OTHER FINANCIAL INSTITUTIONS 

ACTS OF 1958 



CHAPTER 



47 



AMENDMENTS TO 
G. L.,C. 167, s. 2A 



DESCRIPTION 



Authorizing the Commissioner of Banks to call a meeting of the board 
of directors of any banking institution. 



58 



G. L., C. 266, s. 54 



Providing a penalty for all banking institutions receiving deposits 
while insolvent. 



100 



G. L., C. 168, s. 48 
Par. 1, 3, 4, and 5 



Relating to investments by savings banks in certain stocks of fire and 
casualty companies (affecting G. L., C. 172, s. 61). 



109 



G. L., C. 167, s. 20 



Provisions of law relative to lost pass books not to apply to deposits 
of less than twenty-five dollars if depositor or shareholder agrees in 
writing to indemnify bank against loss. 



131 



G. L., C. 168, s. 34 



Authorizing savings banks to invest an amount equivalent to ten per 
cent of total deposits beyond the seventy per cent limit in insured or 
guaranteed mortgage loans (affecting G. L., C. 172, s. 61). 



135 



G. L., C. 172, s. 74 



Providing that the required reserve of trust companies may consist in 
part of balances due from certain trust companies insured by the 
Federal Deposit Insurance Corporation. 



179 



G. L., C. 121, s. 41 



Requiring banks to furnish certain information to public welfare 
officials. 



213, s. 1,2 G. L.,C. 167, s. 53A 
(New) 



Certain exculpatory provisions contained in agreements entered into 
on or after March 28, 1958 between depositors and banking institutions 
declared against public policy and void. 



283 

603, s. 18 



G. L., C. 200A, s. 5 
G. L., C. 63, s. 12 



Extending the scope of the abandoned property law. 

Exempting deposits invested by the savings departments of trust com- 
panies in bonds or notes of the Massachusetts State Office Building 
Association from the deposit excise tax. 



606, s. 24 



G. L., C. 63, s. 12 



Exempting deposits invested by the savings departments of trust com- 
panies in bonds of the Massachusetts Parking Authority from the de- 
posit excise tax. 



654 



G. L., C. 167, s. 2 



Authorizing an increase in the charges for examinations of banks. 



RULES AND REGULATIONS 
There are listed below regulations of the Commissioner of Banks promulgated subsequent to January 1, 1958: 



February 1, 1958 
June 4, 1958 



Deposit of securities for safekeeping with commercial banks by 
savings banks. 

Investment by savings departments of trust companies in loans 
guaranteed in part by the Veterans Administration and secured by 
liens on property located outside the Commonwealth of Massachusetts. 



June 4, 1958 



Investment by savings departments of trust companies in loans insured 
by the Federal Housing Commissioner (Administrator) and secured 
by liens on property located outside the Commonwealth of Massachu- 
setts. 



July 30, 1958 



Amendment to regulations promulgated on February 1, 1958 relative 
to deposit of securities for safekeeping with commercial banks by 
savings banks. 



viii P.D. 8, Section D. 

CORPORATIONS SUBJECT TO CHAPTER 172A OF THE 

GENERAL LAWS 



There were only four corporations doing business under this statute 
on December 31, 1958. The total assets of these institutions amounted 
to $12,627,000, an increase of $1,568,000 since December 31, 1957. One 
of these companies is a Morris Plan company, and the other three are 
banking companies, two of which have their deposits insured up to 
$10,000 by the Federal Deposit Insurance Corporation. 



TRANSMISSION AGENCIES 



Transmission of money to foreign countries during 1958 by those 
holding licenses under Chapter 169 of the General Laws, amounted to 
$1,117,456, a decrease of $18,076. 

• 

There were on December 31, 1958 seven licenses in force to trans- 
act this type of business. The deposits of customers of these agencies 
are protected by surety or collateral bonds in the custody of the State 
Treasurer. Their other assets are not under the supervision of the 
Commissioner. 



OTHER INSTITUTIONS SUBJECT TO SUPERVISION 
AND EXAMINATION 



The Massachusetts Hospital Life Insurance Company, Brown Broth- 
ers Harriman & Company, Bay State Corporation , and Shawmut Associa- 
tion, the last two corporations operating as holding companies and 
owners of the majority of the capital stock in two groups of trust 
companies and national banks, are supervised and examined by the 
Commissioner in accordance with statutory authority. The assets of 
these institutions including the various trust funds administered total 
$339,134,673.55. 



P.D. 8, Section D. 



INDEX TO THE ANNUAL REPORTS 
(Alphabetically by Name) 

TRUST COMPANIES 



NAME 



LOCATION 



Pages 



U d, 



<3 .3 

OQ 


< 


9 


35 


4 


18 


4 


19 


11 


46 


4 


19 


7 


31 


4 


19 


13 


51 


6 


23 


6 


26 


8 


35 


7 


27 


7 


27 


4 


19 


7 


30 


14 


55 


6 


27 


7 


31 


10 


42 


9 


39 


8 


31 


4 


19 


8 


31 


8 


35 


8 


31 


8 


34 


15 


55 


13 


51 


9 


35 


6 


27 


9 


35 


9 


38 


10 


39 


10 


39 


10 


39 


10 


43 


11 


43 


11 


43 


12 


47 


5 


22 


13 


51 


6 


23 


11 


43 


11 


43 


5 


23 


11 


47 


12 


47 


12 


47 


12 


47 


5 


23 


10 


39 


12 


50 


5 


23 


7 


27 


13 


51 


13 


51 


14 


54 


14 


55 


14 


55 


15 


55 



Arlington Trust Company 

Athol Bank and Trust Company 

Attleboro Trust Company 

Berkshire Trust Company, The 

Beverly Trust Company 

B. M. C. Durfee Trust Company 

Boston Safe Deposit and Trust Company 

Bristol County Trust Company 

Brookline Trust Company 

Cambridge Trust Company 

Cape Cod Trust Company 

Chatham Trust Company 

Chelmsford Bank and Trust Company . . . 

City Bank and Trust Company 

Clinton Trust Company 

Commerce Bank and Trust Company .... 

County Bank and Trust Company 

Dedham Trust Company 

Depositors Trust Company 

Essex Trust Company 

Fall River Trust Company 

Fiduciary Trust Company 

Framingham Trust Company 

Franklin County Trust Company 

Gardner Trust Company 

Gloucester Safe Deposit and Trust Company 

Guaranty Bank and Trust Company 

Guaranty Trust Company of Waltham . . . 

Hadley Falls Trust Company 

Harvard Trust Company 

Hyannis Trust Company 

Lexington Trust Company 

Lynn Safe Deposit and Trust Company . . . 

Maiden Trust Company 

Manchester Trust Company 

Melrose Trust Company 

Middleborough Trust Company 

Natick Trust Company 

Naumkeag Trust Company 

New England Trust Company, The 

Newton -Waltham Bank and Trust Company 

Norfolk County Trust Company 

North Adams Trust Company 

Norwood Bank and Trust Company 

Old Colony Trust Company 

Quincy Trust Company 

Randolph Trust Company 

Rockland Trust Company 

Saugus Trust Company 

Second Bank-State Street Trust Company 

Security Trust Company 

Springfield Safe Deposit and Trust Company 

United States Trust Company 

University Trust Company 

Valley Bank and Trust Company 

Wakefield Trust Company 

Ware Trust Company 

Wellesley Trust Company 

Winchester Trust Company 

Worcester County Trust Company 



Lawrence 

Athol 

Attleboro 

Pittsfield 

Beverly 

Fall River 

Boston 

Taunton 

Brookline 

Cambridge 

Harwich 

Chatham 

Chelmsford 

Boston 

Clinton 

Worcester 

Cambridge 

Dedham 

Medford 

Lynn 

Fall River 

Boston 

Framingham .... 

Greenfield 

Gardner 

Gloucester 

Worcester 

Waltham 

Holyoke 

Cambridge 

Hyannis (Barnstable) 

Lexington 

Lynn 

Maiden 

Manchester 

Melrose 

Middleborough . . . 

Natick 

Salem 

Boston 

Waltham 

Brookline 

North Adams .... 

Norwood 

Boston 

Quincy 

Randolph 

Rockland 

Saugus 

Boston 

Lynn 

Springfield 

Boston 

Cambridge 

Springfield 

Wakefield 

Ware 

Wellesley 

Winchester 

Worcester 



ABSTRACTS OF THE ANNUAL REPORTS 

OF 

TRUST COMPANIES 

SHOWING 

LOCATIONS OF MAIN OFFICES 

AND BRANCHES 

NAMES OF PRESIDENT, TREASURER 

DIRECTORS AND MEMBERS OF 

INVESTMENT COMMITTEE 

AND 

CORPORATIONS SUBJECT TO CHAPTER 172 A 

OF THE GENERAL LAWS 



P.D.. 8, Section D. 



ATHOL 



ATHOL BANK AND TRUST COMPANY 
384 MAIN STREET 



A J McKenna 
PRESIDENT 



H. C. Adams 
C. C. Carbone 
*E. F. Cetto 
*J. G. Gagliardi 
William Garbose 
G. R. Girardi 
M. J. Grossman 
G. C. Hancock 



G. C. Hancock 
TREASURER 




DIRECTORS 






*H 

T 
*A 
*J. 

B 
*Jo 

J. 


R. Mahar 
S. Mann 
J. McKenna 
F. Paquet 
C. Rubino 
seph Schulhoff 
E. Stowell 


ASSETS 






tment . . 
t 




. . . . $ 


902 
38f 



ATTLEBORO 



ATTLEBORO TRUST COMPANY 
8 NORTH MAIN STREET 



S. M. Gower, Jr. 
PRESIDENT 



H. C. MacKell 
TREASURER 



DIRECTORS 



E. H. Augat 

J. F. Bannon 

W. H. Bannon 
*C. W. Cederberg 
*L. S. Chilson 

E. R. Farrell, Jr. 
*S. M. Gower, Jr. 

A. A. Ley 

J. W. Mclntyre 



G. E. Nerney 

R. V. Schlenker 
*L. B. Smith 
*W. N. Stevenson 
*H. H. Sweet 

G. L. Williams 
*J. E. Winter 

C. R. Yeager 



ASSETS 



Commercial Department $9,035,681.64 

Savings Department 3,763,780.26 

Trust Department 1,212,735.38 



BEVERLY 

BEVERLY TRUST COMPANY 
165-167 CABOT STREET 

BRANCH OFFICES 

721 HALE STREET, BEVERLY FARMS 

37 RAILROAD AVENUE, HAMILTON 

325 BROADWAY, LYNNFIELD 

WALNUT ROAD, HAMILTON 



R. H. Corning 
PRESIDENT 



R. C. Broderick 
*R. H. Corning 
*H. L. Desjardins 

C. H. Glovsky 

R. H. Gove 
*J. P. Hurd 



G. J. Connors 
TREASURER 



DIRECTORS 



H. H. Irving 
Oscar Kanter 

*G. S. Mclntire 
A. G. Means 
L. C. Murch 

*R. C. Southwick 



ASSETS 



Commercial Department $6,074,343.50 

Savings Department 5,276,935.00 

Trust Department 81,381.12 



BOSTON 

BOSTON SAFE DEPOSIT & TRUST COMPANY 
100 FRANKLIN STREET 



William W. Wolbach 
PRESIDENT 



R. E. Bennink 
TREASURER 



DIRECTORS 



V. R. Alden 

W. A. Barron, Jr. 

G. W. Blakeley, Jr. 

F. W. Capper 

W. C. Chick 

D. C. Crockett 

Edward Dane 

C. F. Eaton, Jr. 
J. L. Grandin, Jr. 
R. R. Higgins 

D. J. Hurley 



Ralph Lowell 
George Olmsted, Jr. 
J. R. Quarles 

D. P. Robinson, Jr. 
J. E. Rogerson 

C. F. Rowley 

E. C. Rust 
E. A. Taft 
Alexander Wheeler 
W. W. Wolbach 



ASSETS 



Commercial Department $ 86,703,267.09 

Trust Department 455,808,467.55 



CITY BANK & TRUST COMPANY 
175 WASHINGTON STREET 



Rubin Epstein 
PRESIDENT 



Earl E. Archibald 
TREASURER 



DIRECTORS 



H. R. Brownson 
*Leon Cangiano 

V. M. Cantella 

Martin DeMatteo, Jr. 

W. P. Dugan 
*Rubin Epstein 

St. Clair E. Hale 

Maurice Krasner 
*Harry Marks 



B. F. Moody 
*S. W. Poorvu 

W. C. Rowe 

R. L. Rutherford 
*S. H. Swift 

Frances Tomasello 

V. P. Wilbur 

M. J. Zabarsky 



ASSETS 

Commercial Department $ 14,521,695.45 

Savings Department 1,416,505.78 



FIDUCIARY TRUST COMPANY 
10 POST OFFICE SQUARE 



R. H. Gardiner 
PRESIDENT 



J. O. Bangs 
TREASURER 



DIRECTORS 



J. B. Ames 


R. 


M 


P. Kennard 


J. O. Bangs 


R. 


T. 


Lyman, Jr. 


W. H. Best 


E. 


F. 


MacNichol 


Samuel Cabot, Jr. 


E. 


H. 


Osgood 


W. H. Churchill 


R. 


C. 


Paine 


C. K. Cobb 


W 


A 


Parker 


R. H. Gardiner 


M 


D 


Perkins 


C. J. Gilbert 


P. 


H. 


Theopold 


F. C. Gray 


J. 


N. 


White 


H. R. Guild 


R. 


G. 


Wiese 


D. H. Howie 


R. 


B. 


Williams 



ASSETS 

Commerical Department $ 12,696,564.55 

Trust Department 117,487,311.04 



^Savings Department Investment Committee Member. 



P.D. 8, Section D. 



THE NEW ENGLAND TRUST COMPANY 




SECOND BANK-STATE STREET 




135 DEVONSHIRE STREET 






TRUST COMPANY 












111 FRANKLIN STREET 




BRANCH OFFICE 










99-101 


NEWBURY STREET 






BRANCH OFFICES 

587 BOYLSTON STREET 
711 BOYLSTON STREET 




C. R. Burgin 
PRESIDENT 


J. W. Pillsbury 
TREASURER 






24 FEDERAL STREET 

130 MASSACHUSETTS AVENUE 

CORNER ARLINGTON & PROVIDENCE STREETS 










CORNER STATE & CONGRESS STREETS 






DIRECTORS 






W. D. Ireland E. A. Bullard 




W. T. Aldrich 


K. W. Marriner 






PRESIDENT TREASURER 




J. D. Anthony 


Roger Pierce 










E. D. Brooks 


W. L. Pierce 










C. R. Burgin 
F. J. Carey 


T. T. Pond 

C. O. Richardson 






DIRECTORS 




R. L. Frothingham E.G. Roos 
J. F. Gerrity H. L. Shattuck 






Robert Baldwin W. D. Ireland 




M. L. Harris 


W. K. Shaw, Jr. 






*T. P. Beal P. M. Morgan 




B. F. Jaques 


H. G. Simonds 






E. L. Bigelow Robert Proctor 




H. C. Jones 


Myles Standish, Jr. 




H. M. Bliss H. S. P. Rowe 




Phillips Ketchum 


P. W. Stocker 






A. C. Brett Richard Saltonstall 




L. M. Little 


F. C. Welch 






E. W. Brewster *W. B. Snow 




A. P. Loring 


ASSETS 






R. F. Burkard S. J. Thorup 

G. A. Butts William Webster 

W. H. Claflin L. F. Whittemore 

F. M. Forbes, Jr. *Moses Williams 

E. B. Hanify J. J. Wilson 

H. P. Hood A. S. Woodworth 




Commercial Depai 


tment $ 82,386 


088 


50 


CM. Hutchins 




Trust Department. 


309,545 


082 


36 


ASSETS 












Commercial Department $423,293,513.54 










Savings Department 3,644,275 


56 


OLD COLONY TRUST COMPANY 






Trust Department 396,884,803 


75 


1 FEDERAL STREET 










BRANCH OFFICE 










45 


MILK STREET 






UNITED STATES TRUST COMPANY 
30 COURT STREET 




A. H. Parker, Jr. 


D. W. Swig art 










PRESIDENT 


TREASURER 
DIRECTORS 






BRANCH OFFICES 

47 5 BLUE HILL AVENUE 
1603 BLUE HILL AVENUE 




J. S. Ames, Jr. 


G. P. Gardner 










Frederick Ayer 


C. S. Hart 






A. R. Morse John Morse 




S. C. Badger 


Amor Hollingsworth, 


Jr. 


PRESIDENT TREASURER 




G. R. Brown 


J. E. Lawrence 










F. H. Burr 


H. M. Leen 










C. C. Cabot 
A. J. Casner 


J. W. Lund 
J. R. Morss 






DIRECTORS 




F. C. Church 


J. T. Noonan 










A. L. Coburn, Jr. 


A. H. Parker, Jr. 






*D. J. Boylan *A. R. Morse 




T. J. Coolidge 


Q. A. Shaw, Jr. 






*F. S. Deland John Morse 




C. H. Cox 


Oliver Wolcott 






*A. H. Dolben J. R. Morse 




Robert Cutler 


C. A. Wood 






*H. B. Ehrmann *Henry Perm 




B. K. Elliott 


ASSETS 






P. W. Fitzpatrick G. F. Wallburg 
*J. M. Graham 

ASSETS 

Commercial Department $51,804,863 


86 


Commercial Department $ 12,035 


390 


58 


Savings Department 3,780,411 


94 


Trust Department. 


959,995 


643 


43 


Trust Department 15,364,548 


27 







^Savings Department Investment Committee Member. 



P.D. 8, Section D. 



BROOKLINE 

BROOKLINE TRUST COMPANY 
1341 BEACON STREET 

BRANCH OFFICES 

1346 BEACON STREET 

1627 BEACON STREET 

1228 BOYLSTON STREET 

1 HARVARD STREET 



Edward Dane 
PRESIDENT 



F. J. Paul 
TREASURER 



DIRECTORS 



R. G. Pease 
Samuel Pinanski 
C. F. Rowley 
A. J. Santry 



*F. W. Capper 
*Edward Dane 

F. S. Deland, Jr. 
#L. H. Hansel 
*L. H. H. Johnson, Jr. *D. F. Young 

ASSETS 

Commercial Department $23,491,921.91 

Savings Department 6,276,288.29 

Trust Department 1,421,545.70 



NORFOLK COUNTY TRUST COMPANY 
1319 BEACON STREET 

BRANCH OFFICES 

620 HAMMOND STREET 

1330 BEACON STREET 

2 ELM STREET, BRAINTREE 

S37 WASHINGTON STREET, SOUTH BRAINTREE 

710 WASHINGTON STREET, CANTON 

380 WASHINGTON STREET, DEDHAM 

35- MAIN STREET, FRANKLIN 

447 MAIN STREET, MEDFIELD 

2 ELIOT STREET, MILTON 

376 GRANITE AVENUE, EAST MILTON 

1055 GREAT PLAIN AVENUE, NEEDHAM 

250 HIGHLAND AVENUE, NEEDHAM HTS. 

968 HIGHLAND AVENUE, NEEDHAM HTS. 

699 WASHINGTON STREET, NORWOOD 

1381 HANCOCK STREET, QUINCY 

15 POST OFFICE SQUARE, SHARON 

810 WASHINGTON STREET, STOUGHTON 

979 MAIN STREET, WALPOLE 

126 WASHINGTON STREET, EAST WALPOLE 

693 HIGH STREET, WESTWOOD 



E. O. Cappers 
PRESIDENT 



W. F. Peters 
TREASURER 



DIRECTORS 



W. C. Ahlgren 
J. P. Birmingham 
J. W. Bowser 
Matthew Brown 

*E. O. Cappers 
F. A. Carlson 

*D. P. Colburn 
J. H. Draper, Jr. 
Joseph Garland 
H. B. Hall 



♦George Howland 
♦Harvey Mac Arthur 
*R. J. MacDonald 

D. J. Mann 

A. C. McMeniman 

L. T. Shine 

Neil Tillotson 
*R. S. Willis 

J. P. Winchester 



ASSETS 

Commercial Department $91,314,082.28 

Savings Department 21,252,687.84 

Trust Department 2,127,886.66 



CAMBRIDGE 

CAMBRIDGE TRUST COMPANY 
1336 MASSACHUSETTS AVENUE 



G. A. Macomber 
PRESIDENT 



E. W. Phippen 
TREASURER 



DIRECTORS 



Stoughton Bell S. 
*WilliamBentinck-Smith *G. 

R. F. Bradford M. 

H. G. Bradlee W. 

H. R. Brigham E. 

W. H. Churchill W. 

*G. E. Cole *S. 

J. M. Dry C. 

D. F. Edwards H. 
*A. B. Hathaway 

ASSETS 

Commercial Department . . . . 

Savings Department 

Trust Department 



H. Lawton 
A. Macomber 
P. McNair 
L. Pay son 
W. Phippen 
L. Taggart, Jr. 
F. Teele 
M. Williams 
D. Winslow 



$18,721,508.39 
2,767,819.95 
7,612,342.44 



COUNTY BANK AND TRUST COMPANY 
515 MASSACHUSETTS AVENUE 

BRANCH OFFICE 
310 CAMBRIDGE STREET, CAMBRIDGE 



B. H. Bowden 
PRESIDENT 



*B. H. Bowden 

*J. A. Daly 

G. G. Howie 

W. L. Larkin 

*F. H. Lovejoy 



F. E. Morse 
TREASURER 

DIRECTORS 

H. C. Moore, Jr. 
*R. F. Nutting 

K. B. Osborn 
*F. L. Tucker 

C. V. Vappi 

ASSETS 



Commercial Department' $11,980,800.94 

Savings Department 3,044,956.78 

HARVARD TRUST COMPANY 
1414 MASSACHUSETTS AVENUE 

BRANCH OFFICES 

127 ALEWIFE BROOK PARKWAY 

222 MAIN STREET 

689 MASSACHUSETTS AVENUE 

1847 MASSACHUSETTS AVENUE 

655 MASSACHUSETTS AVENUE, ARLINGTON 

10 LEONARD STREET, BELMONT 

63 TRAPELO ROAD, BELMONT 

491 TRAPELO ROAD, BELMONT 

38 MAIN STREET, CONCORD 



T. R. Beal 
PRESIDENT 



P. R. Snyder 
TREASURER 



DIRECTORS 



G. E. Bates 
*T. R. Beal 

G. d'Andelot, Belin 

P. R. Corcoran 

E. A. Crane 

J. M. Curley 

P. V. Cusick 

J. K. Damon 
*R. R. Duncan 

Aldrich Durant 
*E. L. Frost 

C. P. Fuller 



*H. U. Greene 
Helge Hoist 
D. L. Rhind 
D. M. Robinson 
G. H. Rockwell 
H. LeB. Sampson 
*T. L. Storer 
*G. G. Tarbell 
Hubert Wardwell 
J. O. Welch 
*H. G. Wilton 
*A. M. Wright 



ASSETS 



Commercial Department $97,429,443.02 

Savings Department 11,768,208.30 

Trust Department 37,573,574.41 



♦Savings Department Investment Committee Member. 



P.D. 8, Section D. 



UNIVERSITY TRUST COMPANY 








CLINTON 




2360 MASSACHUSETTS AVENUE 




















CLINTON 


TRUST COMPANY 












77-79 


HIGH STREET 




J. D. Lynch 


F. H. Hansen 












PRESIDENT 


TREASURER 






BRANCH OFFICE 
MAIN STREET, STERLING 






DIRECTORS 






F. W. Fleischner 
PRESIDENT 


C. J. Noon 
TREASURER 




M. J. Barron 


T. W. Lynch 












C. A. Brusch 


*F. A. Masse 






DIB 




E. J. Danehy 


Harry Mazman 












J. F. Griffin 


D. M. Murphy 






C. R. Abbott 


D. H. Dorr, Jr. 




A. D. Jones 


*P. J. Nelligan 






*J. A. Davis 


F. W. Fleischner 




♦Peter Kramer, 


Jr. E. B. Tinker 






Jonathan Davis 


C. J. Noon 




R. P. Kramer 


J. T. White 






*D. H. Dorr, Sr. 


»F. A. O'Toole 




♦J. D. Lynch 


F. R. Zelck 
ASSETS 








ASSETS 












Commercial Department $8,729,864 


81 




660 


26 


Savings Department 


3,255,414 


53 


Savings Department 1.641 


,742 


.59 


Trust Department . 


388,085 


82 












DEDHAM 












DEDHAM 


TRUST COMPANY 






CHATHAM 






567 


HIGH STREET 




CHATHAM TRUST COMPANY 






G. A. Whitney 
PRESIDENT 


E. W. Robinson 
TREASURER 






MAIN STREET 




















DIRECTORS 












H. J. Cannon 


F. W. Musche 




C. A. Bearse 


J. W. Deer 






*H. J. Carney 


Stephen Paine 




PRESIDENT 


TREASURER 
DIRECTORS 






R. B. Conant, Jr. 
A. G. Geishecker 
R. P. Greaves 
*F. A. Hunt 
A. L. Lee 


*H. M. Putnam 
*J. J. Riley 

F. W. Rust, Jr. 
*H. B. Siegle 
*G. M. Summers, Jr. 




C. A. Bearse 


J. T. Manson, II 






*C. J. Monahan 


R. J. Vitelli 




*E. B. Ellis 


K. H. Pratt 






*F. J. Moran 


G. A. Whitney 




*C . C . Harding 


*H. F. Reynolds 






*J, J. Morley 






F. W. Howes 










ASSETS 






ASSETS 






Commercial Department $1,615,506 


72 




328 


37 


Savings Department 


298,999 


03 


Savings Department 1,336 


099 


94 
















FALL RIVER 












B. M. C. DURFEE TRUST COMPANY 












80 NORTH MAIN STREET 






CHELMSFORD 




















BRANCH OFFICE 












77 BANK STREET 




CHELMSFORD 


BANK AND TRUST COMPAN 








44 


CENTRAL SQUARE 






J. S. Brayton 
PRESIDENT 


J. S. Brayton, Jr. 
TREASURER 












DIRECTORS 




W. C. Lahue 


F. E. Dupee 
TREASURER 












PRESIDENT 






F. L. Armitage 


*W. R. S. Eaton 












G. R. Ashworth 


*W. C. Hathaway 












*T, B. Bassett 


*T. J. Hudner 






DIRECTORS 






D. A. Brayton 
*Edward Brayton 


Prescott Jennings 
♦William Mason 




L. R. Currie 


*C. A. E. Peterson 






Israel Brayton 


*C. M. Moran 




F. C. Field 


Saul Stone 






*J. S. Brayton 


D. S. Schneierson 




J. E. Jacoby 
*R. E. Johnson 


Cornelius Thibeault 
*M. E. Weeks 




L. S. Brayton 
*M. R. Brown 


M. N. Sobiloff 
*M. F. Welsh 




*W. C. Lahue 


*E. V. Whalen 






L. S. Chace, Jr. 


*M. A. Westgate 




W. E. Merrill 


ASSETS 






H. E. Clarkin 


*A. J. Wood 
ASSETS 












Commercial Department $19,113,505.34 


Commercial Department $2,001, 


013 


59 


Savings Department 


11,817,686. 


61 




919 


69 


Trust Department . 


24,562,610. 


92 



♦Savings Department Investment Committee Member. 



P.D. 8, Section D. 



FALL RIVER TRUST COMPANY 
43 NORTH MAIN STREET 

BRANCH OFFICES 

1219 PLEASANT STREET 

1649 SOUTH MAIN STREET 

1045 COUNTY STREET, SOMERSET 



G. W. Graham 
PRESIDENT 



J. A. Faria 
S. S. Feinberg 
*Noel Giard 
*G. W. Graham 
J. E. O'Neil 



Anthony Perry 
TREASURER 



DIRECTORS 



*A. G. Pierce 
*D. J. Richardson 

R. T. Small 

H. G. Squire 

S. J. Waring 



ASSETS 



Commercial Department $15,125,813.31 

Savings Department 13,983,823.49 



FRAMINGHAM 

FRAMINGHAM TRUST COMPANY 
79 CONCORD STREET 

BRANCH OFFICES 

12 FRONT STREET, ASHLAND 

5 EDGELL ROAD, FRAMINGHAM CENTRE 

SHOPPERS' WORLD, FRAMINGHAM 

UNION AVENUE 

818 WASHINGTON STREET, HOLLISTON 

PINEFIELD SHOPPING CENTER, SAXONVILLE 

OLD CONCORD ROAD, SOUTH SUDBURY 



J. R. Perini 
PRESIDENT 



E. H. Shortiss, Jr. 
TREASURER 



DIRECTORS 

*W. B. Brockelman R. G. MacPherson 

D. S. Clark *J. R. Perini 

*H. A. Fitts *J. J. Prindiville, Jr. 

*R. L. Hilliard C. A. Sheridan 

*C. F. Long W. J. Turenne 

ASSETS 

Commercial Department $20,295,242.58 

Savings Department 10,195,821.63 

Trust Department 462,855.72 



GARDNER 

GARDNER TRUST COMPANY 
25 MAIN STREET 

BRANCH OFFICES 

MAIN STREET, ASHBURNHAM 

ELM STREET, BALDWINVILLE 

PEARSON BOULEVARD, GARDNER 



H. D. Ferguson 
PRESIDENT 



K. B. Mann 
TREASURER 



DIRECTORS 

*C. R. Beauregard P. H. Loughlin, Jr. 

P. J. Carney C. E. Nichols 

*H. D. Ferguson F. R. Pierce 

H. VV. Gates Tadeusz Sadowski 

R. B. Greenwood *J. H. Stuart 

*W. N. Hadley W. C. Troendle 

O. G. Hedstrom C. G. Watkins 
*R. W. Kelley 

ASSETS 

Commercial Department $6,563,418.48 

Savings Department 3,448,137.80 

Trust Department 825,307.74 



GLOUCESTER 

GLOUCESTER SAFE DEPOSIT AND 
TRUST COMPANY 
191 MAIN STREET 



F. M. Bundy 
PRESIDENT 



J. J. Roach 
TREASURER 



DIRECTORS 



*E. R. Abbott 

E. R. Andrews 

F. M. Bundy 

H. H. Bundy, Jr. 

J. R. Cahill, Jr. 
; -E. A. Hagstrom 
*B. A. Kerr 

Leonard Linquata 



L. C. McEwen 
*A. L. Morton 

Isaac Patch 

J. A. Ryan 
'-C. K. Steele 

F. B. Sullivan 
-T. M. Vye 



ASSETS 



Commercial Department $4,434,361.07 

Savings Department 2,853,449.51 

Trust Department 1,173,947.39 



GREENFIELD 



FRANKLIN COUNTY TRUST COMPANY 
324 MAIN STREET 



H. V. Erickson 
PRESIDENT 



*F. R. Andrews 
F. L. Boyden 

; 'H. V. Erickson 
J. A. Gunn 

*J. W. Haigis 



B. S. Richardson 
TREASURER 



DIRECTORS 



R. H. Harper 
W. J. Hosmer 
W. S. Keith 
D. C. Lunt 
R. S. Reid 



ASSETS 



Commercial Department $9,598,248.10 

Savings Department 6,041,536.18 

Trust Department 6,886,490.99 



HARWICH 

CAPE COD TRUST COMPANY 
MAIN STREET, HARWICH PORT 

BRANCH OFFICE 
MAIN STREET, ORLEANS 



C. P. Bearse, Jr. 
PRESIDENT 



C. W. Megathlin, Jr. 
TREASURER 



DIRECTORS 



*C. P. Bearse, Jr. 

*G. C. Clark 

*B. K. Jerauld 

*H. C. Maloney 

*C. W. Megathlin, Jr. 

*R. C. Nickerson 

♦O. R. Ragan 



*E. L. Sims 
*H. F. Smith 
*H. H. Snow 
*R. B. Snow 
*E. E. Sparrow 
*M. W. Wiley 



ASSETS 

Commercial Department $5,951,128.39 

Savings Department 1,468,245.71 

Trust Department 192,873.18 



♦Savings Department Investment Committee Member. 



P.D. 8, Section D. 



HOLYOKE 



HADLEY FALLS TRUST COMPANY 
58 SUFFOLK STREET 



BRANCH OFFICES 

1 MAIN STREET 

253 SOUTH STREET 

124 CABOT STREET, CHICOPEE 

66 MAIN STREET, CHICOPEE FALLS 

WESTOVER AIR FORCE BASE, 

CHICOPEE FALLS 



G. V. Wallace, Jr. 
PRESIDENT 



D W. Fletcher 
TREASURER 



DIRECTORS 



J. L. Barowsky 
*J. S. Begley 
*R. F. Blount 

H. V. Burgee 
*B. W. Childs 

F. C. Hey wood 

W.J. Mills 



J. D. Minor 

H. E. Pihl 
*J. F. Shaw 

William Skinner, II 
*H. J. Szewczynski 

D. R. Taber 

G. V. Wallace 



ASSETS 

Commercial Department $28,585,258.08 

Savings Department 10,035,895.34 

Trust Department 9,928,420.55 



HYANNIS 



HYANNIS TRUST COMPANY 
307 WEST MAIN STREET 



BRANCH OFFICES 

596 MAIN STREET 
MAIN STREET, OSTERVILLE 



G. C. Besse 
PRESIDENT 



W. P. Lovejoy, Jr. 
TREASURER 



DIRECTORS 



*L. V. Arenovski 

*G. C. Besse 

*A. H. Castonguay 

*W. B. Chase 

*C. J. Daniel 

''Russell Makepeace 



*G. W. Moore 
*H. L. Murphy 
*T. J. Powers 
*A. W. Rockwood 
*R. F. Sims 



ASSETS 

Commercial Department $8,176,300.29 

Savings Department 3,310,066.62 

Trust Department 740,968.13 



LAWRENCE 

ARLINGTON TRUST COMPANY 
305 ESSEX STREET 

BRANCH OFFICES 

9 BROADWAY, 348 JACKSON STREET 

15 LAWRENCE STREET, 1 WINTHROP AVENUE 

CENTRAL STREET, MIDDLETON 

149 MAIN STREET, NORTH ANDOVER 

D. J. Murphy, Jr. E. V. Reed 

PRESIDENT TREASURER 

DIRECTORS 

J. N. Anderson J. A. Lamprey 

J. J. Arundel A. P. Manzi 
G. G. Brown V. J. Mill, Jr. 

W. H. Daly *D. J. Murphy, Jr. 
H. R. Dow, Jr. R. V. O'Sullivan 

L. C. Eidam I. E. Rogers, Jr. 

J. E. Fenton *G. A. Schlott 

W. A. Flynn *R. R. Siskind 

*T. F. Gallagher D. J. Sullivan 
*F. A. Higgins R. P. Sumberg 

J. B. Ippolito M. M. Warshaw 

M. W. Kenney A. P. Zappala 
F. B. Kittredge 

ASSETS 

Commercial Department $26,918,306.69 

Savings Department 13,906,001.51 

Trust Department 46,081.69 



LEXINGTON 

LEXINGTON TRUST COMPANY 
1822 MASSACHUSETTS AVENUE 

BRANCH OFFICE 
78 GREAT ROAD, BEDFORD 

C. W. Walker Raymond Scheublin 

PRESIDENT TREASURER 

DIRECTORS 
A. G. Adams *R. W. Maynard 

C. G. Davis R. C. Merriam 

*A. H. Hayden D. E. Nickerson 

*R. H. Holt C, S. Walker 

*T. G. Lynah 

ASSETS 

Commercial Department $11,321,750.66 

Savings Department 2,352,254.75 

Trust Department 12,374.86 



LYNN 

ESSEX TRUST COMPANY 
25 EXCHANGE STREET 

BRANCH OFFICES 
414 BROADWAY, 11 MARKET SQUARE 

1 WILLOW STREET 
434 HUMPHREY STREET, SWAMPSCOTT 

T. D. Chatfield W. H. Pigott 

PRESIDENT TREASURER 

DIRECTORS 

H. E. Ayer J. J. Leonard 

F. E. Bowers H. R. Mayo, Jr. 

R. P. Breed M. F. McGrath 

*T. D. Chatfield A. S. Potter 

H. B. Cushman Harry Remis 

*H. L. Huxtable *T. W. Rogers 

R. H. Illingworth M. W. Rolfe 

C. W. Kessler D. H. Smith 

ASSETS 

Commercial Department $32,484,218.71 

Savings Department 9,896,152.34 

Trust Department 4,752,429.28 



^Savings Department Investment Committee Member. 



10 



P.D. 8, Section D. 



LYNN SAFE DEPOSIT & TRUST COMPANY 
109 MARKET STREET 



C. E. Harwood 
PRESIDENT 



W. J. Breed 
W. F. Dee 
David Dunbar 
*R. M. Dunbar 
*C. E. Harwood 



R. M. Dunbar 
TREASURER 



DIRECTORS 



R. F. Hunter 
L. V. MacDuff 
J. H. Mattson 
*H. H. Winslow 



ASSETS 

Commercial Department $6,095,174.84 

Savings Department 1,223,050.12 

Trust Department 4,138,219.43 

SECURITY TRUST COMPANY 
66 CENTRAL SQUARE 



BRANCH OFFICE 
33 MARKET SQUARE 



H. D. Marsh 
PRESIDENT 



T. C. Cooke 
J. B. Donovan 
*C. C. Handy 
*J. M. Hoague 
*S. A. Hutchison 
S. C. Hutchison 
*S. H. Jaffee 
G. O. Latour 
E. W. Lawson 



B. F. Carey 
TREASURER 



DIRECTORS 



*D. H. Marsh 
*H. D. Marsh 

W. T. Murphy 

A. P. Reed 

Stanley Shmishkiss 
G. J. Tauro 
E. S. Underwood 
*E. M. Winslow 



ASSETS 



Commercial Department $17,646,261.05 

Savings Department 9,363,056.56 

Trust Department 992,150.72 



MALDEN 



MALDEN TRUST COMPANY 
94 PLEASANT STREET 



Hildreth Auer 
PRESIDENT 



A. V. Seaward 
TREASURER 



DIRECTORS 



Hildreth Auer 
L. S. Burke 

*T. H. Bush 
C. H. Dennis 
H. W. Fitzpatrick 
H. N. Flanders 
H. A. Hall, Jr. 

*W. C. Hamilton 



*H. E. Maclnnis 
* James Millen 
C. W. Spencer 
*C. F. Springall 
J. A. Volpe 
L. B. Waring 
S. H. Wellman 



ASSETS 

Commercial Department $24,979,590.05 

Savings Department 3,356,566.97 

Trust Department 11,691,218.33 



MANCHESTER 



MANCHESTER TRUST COMPANY 
25 UNION STREET 



H. C. Cann 
PRESIDENT 



*Gordon Abbott 
*H. C. Cann 
*C. E. Dodge 
*A. M. Herrold 
S. C. Hooper 



H. C. Cann 
TREASURER 



DIRECTORS 



A. R. Knight 
*R. H. Knight 
^Edward Morley 
*G. A. Sinnicks 



ASSETS 



Commercial Department $1,465,700.90 

Savings Department 748,392.73 



MEDFORD 



DEPOSITORS TRUST COMPANY 
55 HIGH STREET 



L. P. Harrington 
PRESIDENT 



T. R. Peaslee 
TREASURER 



DIRECTORS 



R. J. Barbo 

#Joseph Blumsack 
F. B. Bowman 

*A. R. Cataldo 
P. J. Crehan 

*J. J. Finnin 



J. P. Gately 
*L. P. Harrington 
*R. M. Malloy 
Abraham Moskow 
J. A. Novelline 
*J. V. O'Leary 



ASSETS 

Commercial Department $3,181,676.38 

Savings Department 804,350.92 



MELROSE 



MELROSE TRUST COMPANY 
495 MAIN STREET 



BRANCH OFFICES 

44 WEST WYOMING AVENUE 

516 FRANKLIN STREET, MELROSE HIGHLANDS 



H. H. Feltham 
PRESIDENT 



P. H. Messer 
TREASURER 



DIRECTORS 



*C. L. Allen 
*H. H. Feltham 
*J. W. Killam, Jr. 
*L. W. Lloyd 
*K. L. Maclachlan 



*L. R. Moulton 
*E. H. Perkins 
*Ernest Rotondi 
*R. J. W. Stone 
*C. C. Swett 



ASSETS 



Commercial Department $8,267,641.89 

Savings Department 1,948,399.25 



^Savings Department Investment Committee Member. 



P.D. 8, Section D. 



11 



MIDDLEBOROUGH 



MIDDLEBOROUGH TRUST COMPANY 
10 CENTER STREET 



R. W. Tillson 
PRESIDENT 



M. C. Drake 
TREASURER 



DIRECTORS 



*H. K. Atkins 

♦Fletcher Clark, Jr. 
R. L. Cushing 
Robert Goldstein 

*A. M. Kramer 
E. B. Lynde 



A. A. Thomas 
*R. W. Tillson 
C. P. Washburn 
J. C. Whitcomb 
W. C. Wilkie 
*T. N. Wood 



ASSETS 



Commercial Department $5,418,296.82 

Savings Department 4,220,730.67 

Trust Department 582,508.88 



NATICK 

NATICK TRUST COMPANY 
34 MAIN STREET 

BRANCH OFFICE 

WETHERSFIELD ROAD AND WORCESTER 
TURNPIKE, NATICK 



F. C. Bishop 
PRESIDENT 



*F. C. Bishop 
F. M. Bishop 

*A. B. Fair 
M. W. Fairbanks 

*H. H. Ham, Jr. 



F. M. Bishop 
TREASURER 



DIRECTORS 



B. W. Johnson, Jr. 
*W. D. Leavitt 

A. J. Montgomery 
*W. H. Townsend 
*L. E. Whipple 



ASSETS 



Commercial Department 
Savings Department . . . 



$9,569,487.84 
3,462,272.01 



NORTH ADAMS 

NORTH ADAMS TRUST COMPANY 
7 8 MAIN STREET 



G. H. Higgins 
PRESIDENT 



F. A. Bond 

E. O. Brown 

*R. L. Brown 

*H. J. Hewat 

*G. H. Higgins 

R. A. Hunter 



H. G. Webster 
TREASURER 



DIRECTORS 



J. E. Magenis 
W. J. Nolan 
Isadore Shapiro 
*C. E. Stoneham 
R. K. Thompson 
J. E. Wall 



ASSETS 

Commercial Department $6,329,666.34 

Savings Department 2,648,536.12 

Trust Department 2,627,878.61 



NORWOOD 

NORWOOD BANK & TRUST COMPANY 
185 CENTRAL STREET, NORWOOD 



Donald Kirkpatrick 
PRESIDENT 



R. T. Murphy 
TREASURER 



DIRECTORS 



*R. H. Bruce 
*H. B. Capen 
*L. J. Danovitch 
*W. J. Dempsey 
*W. J. Hildebrand 
*C. A. Johnson 
*Donald Kirkpatrick 



*H. J. Korslund 
*R. T. Murphy 
*C. P. Nead 
*A. P. Pearce, Jr. 
*W. E. Steere 
*B. G. Sykes 



ASSETS 



Commercial Department 
Savings Department . . . 



$2,293,451.21 
2,533,753.92 



PITTSFIELD 

THE BERKSHIRE TRUST COMPANY 
54 NORTH STREET 

BRANCH OFFICE 

29 CHESHIRE ROAD, PITTSFIELD 



F. A. Strom 
PRESIDENT 



C. H. Evans 
TREASURER 



DIRECTORS 



J. E. Dery 
Daniel England, Jr. 
J. C. Hart 
*R. S. Hibbard 
J. T. Kelley 
G. F. Knight 



D. B. Miller 
*F. M. Myers 

T. C. Nelson 
*F. A. Strom 
*W. A. Whittlesey 

H. H. Williams, Jr. 



ASSETS 



Commercial Department 
Savings Department . . . 
Trust Department .... 



. $7,471,332.17 
. 3,444,534.60 
. 4,638,080.47 



QUINCY 

QUINCY TRUST COMPANY 
1486 HANCOCK STREET 

BRANCH OFFICES 

19 COTTAGE AVENUE, QUINCY 

415 HANCOCK STREET, NORTH QUINCY 

651 HANCOCK STREET, WOLLASTON 

106 PLEASANT STREET, SOUTH WEYMOUTH 



C. J. Weeden 
PRESIDENT 



*P. E. Barbour 
L. F. Blackwell 
W. H. Emerson 

*F. H. Foy 

*H. A. Gallagher 
S. G. Jarvis 
J. W. Kapples 



M. A. Weeden 
TREASURER 



DIRECTORS 



A. K. Martin 
W. C. O'Meara 
G. D. Reardon 
R. E. Remick 

*J. E. Robbie 
C. W. Ten Broeck 

*C. J. Weeden 



ASSETS 



Commercial Department $18,504,156.41 

Savings Department 6,778,230.81 



♦Savings Department Investment Committee Member. 



12 



P.D. 8, Section D. 



RANDOLPH 



RANDOLPH TRUST COMPANY 
173 NORTH MAIN STREET 



BRANCH OFFICE 
SOUTH FRANKLIN STREET, HOLB'ROOK 



J. V. Donovan 
PRESIDENT 



*E. L. Chase 
*C. L. Claff 
*M. J. Diauto 
*J. V. Donovan 
*T. A. Gould 
*E. V. Grabill 



T. A. Gould 
TREASURER 



DIRECTORS 



*F. J. Leahy 
*W. J. Leahy 
*Anthony Marino 
*J. F. Megley 
*H. F. Sherman 
*M. E. Young 



ASSETS 

Commercial Department $4,958,755.89 

Savings Department 1,714,135.00 



ROCKLAND 



ROCKLAND TRUST COMPANY 
288 UNION STREET 



BRANCH OFFICES 

2 STAGE COACH WAY, COHASSET 
MONUMENT SQUARE, HULL 

MAIN STREET, HANSON 

COLUMBIA ROAD, HANOVER 

OCEAN STREET, MARSHFIELD 

FRONT STREET, SCITUATE 



J. F. Spence 
PRESIDENT 



J. B. Arnold 
S. P. Davies 
*R. L. Fish 
G. W. Freeman 
R. J. Geogan 
J. H. Hunt 
C. K. Lake 
N. G. MacDonald 
Leo McCarthy 
E. A. Mulvey 



W. C. Pratt 
TREASURER 



DIRECTORS 



*Philip Mulvihill 
E. J. Phelps 
Lot Phillips, II 

*N. A. Pool 
H. L. Shepherd 

*J. F. Spence 

*J. F. Spence, Jr. 
R. D. Tedeschi 

*E. P. White 

*A. P. Wilcox 



ASSETS 

Commercial Department $19,684,555.57 

Savings Department 5,633,567.10 

Trust Department 2,434,597.76 



SALEM 

NAUMKEAG TRUST COMPANY 
217 ESSEX STREET 

H. G. Macomber L. H. Pauling 

PRESIDENT TREASURER 

DIRECTORS 

A. E. Arnold R. C. Dick 

B. T. At wood *M. F. Flynn 
R. B. M. Barton *C. F. Grush 
E. M. Batchelder F. A. Hebard 

L. H. Coffin *H. G. Macomber 

B. E. Cox *I. J. Martin 
*D. N. Crowley M. S. Smith 

H. E. Davenport *W. B. Welch 

ASSETS 

Commercial Department $20,165,165.46 

Savings Department 4,175,781.42 

Trust Department 9,674,820.90 



S AUG US 

SAUGUS TRUST COMPANY 
466 LINCOLN AVENUE 

BRANCH OFFICE 



13 MAIN STREET 



H. P. Mason 
PRESIDENT 



H. C. Ramsdell 
TREASURER 



DIRECTORS 



*R. J. Chiabrandy 

*F. J. England 

C. P. Flynn 

H. T. Gibbs 

C. P. Gibson 



Joseph Haskell 
*H. P. Mason 
*H. C. Ramsdell 
*L. P. Sanborn 
*L. E. Stone 



ASSETS 



Commercial Department $3,035,358.33 

Savings Department 2,449,233.19 



SPRINGFIELD 

SPRINGFIELD SAFE DEPOSIT 

AND TRUST COMPANY 

127 STATE STREET 

BRANCH OFFICES 

27 WILLOW STREET 

14 MAPLE STREET, EAST LONGMEADOW 

142 MAIN STREET, MONSON 

R. R. Emerson R. R. Filley 

PRESIDENT TREASURER 

DIRECTORS 

*C. L. Blake W. B. Kirkham 

*A. A. Carroll ^Edward Kronvall 

C. J. Chambers *E. T. Malone 

Brewer Corcoran J. H. Mitchell 

L. W. Doherty L. J. Presson 

*R. R. Emerson *C. L. Richards 

J. S. Fairchild W. W. Sample 

G. J. Gallan G. W. Streeter 

E. G. Gaylord P. D. Weathers 

C. R. Johnson W. F. Young 

ASSETS 

Commercial Department $40,501,056.71 

Savings Department 2,396,093.57 

Trust Department 44,296,393.83 



P.D. 8, Section D. 



13 



VALLEY BANK AND TRUST COMPANY 
1351 MAIN STREET 

BRANCH OFFICES 
315 BOSTON ROAD, 37 HARRISON AVENUE 

9 LIBCAR STREET, 1531 MAIN STREET 

3316 MAIN STREET, 69 MARKET STREET 

618 PAGE BOULEVARD, 1242 PARKER STREET 

794 STATE STREET, 461 SUMNER AVENUE 

51 SPRINGFIELD STREET, AGAWAM 

144 MAIN STREET, INDIAN ORCHARD 

398 LONGMEADOW STREET, LONGMEADOW 

225 MEMORIAL AVENUE, WEST SPRINGFIELD 

B. H. MacLeod F. E. Hatch 
PRESIDENT TREASURER 

DIRECTORS 
E. J. Breck R. K. Mueller 

*J. S. Bulkley John Oakley 

H. J. Cadwell Catherine O'Brien 

C. G. Carter M. F. Peterson 
*R. L. Ericson *R. L. Putnam, Jr. 
*W. A. Fuller *H. M. Sauers 
*W. E. Godfrey *J. J. Shea 

A. J. Guffanti C. A. Steiger 

A. S. Johnson F. S. Vanderbrouk 

Richmond Lewis Norman Wallace 

*W. A. Lieson J. T. Wright 

*B. M. MacLeod C. G. Young 
R. G. Moore 

ASSETS 

Commercial Department $88,378,890.30 

Savings Department 18,922,390.99 

Trust Department 38,480,494.31 



TAUNTON 

BRISTOL COUNTY TRUST COMPANY 
43 TAUNTON GREEN 

J. S. Gwinn L. W. Chace 

PRESIDENT TREASURER 

DIRECTORS 

*L. W. Chace *E. J. O'Brien 

*G. F. Clapp *A. S. O'Keefe 

*W. E. Forbes *L. W. Phillips 

*C. R. Galligan *A. B. Pierce 

*A. D. Gebelein *T. T. Tweedy 

*J. S. Gwinn *E. K. Vanderwarker 

*R. H. Hallowell *E. S. White 
*S. N. McNeilly 

ASSETS 

Commercial Department $10,935,654.48 

Savings Department 4,485,773.63 

Trust Department 280,204.82 



WAKEFIELD 

WAKEFIELD TRUST COMPANY 
365 MAIN STREET 

BRANCH OFFICE 

AMERICAN MUTUAL INSURANCE 
COMPANY BUILDING OFF NORTH AVENUE 



E. E. Laughton 
PRESIDENT 



*M. G. Beebe 
H. A. Bouve 
*G. J. Evans 
*H. N. Goodspeed 
*E. E. Laughton 



C. W. Vik 
TREASURER 



DIRECTORS 



*R. B. Oliver 
A. W. Rockwood 

*J. F. White 
J. B. Wiswall 



ASSETS 



Commercial Department 
Savings Department . . . 
Trust Department .... 



$9,915,420.58 
1,837,881.89 
1,281,710.67 



WALTHAM 



GUARANTY TRUST COMPANY OF WALTHAM 
633 MAIN STREET 



C. A. Dolan, Jr. 
PRESIDENT 



Martin Cerel 
Bernardo Corsi 
A. R. Derderian 
C. E. Dockser 

C. A. Dolan, Jr. 
Joseph Drapkin 

*A. B. Hollis 
Ray Johnson 

D. S. Kunian 
Charles Malone 



A. B. Hollis 
TREASURER 



DIRECTORS 



^Raymond Marchi 
Saverio Nardelli 
A. B. Nardone 
J. B. Natoli 

*L. G. Natoli 
C. P. Pieper 

*J. S. Rando 
A. L. Roberts 
William Schwartz 



ASSETS 



Commercial Department 
Savings Department . . . 



$6,236,925.17 
1,198,608.25 



NEWTON-WALTHAM BANK AND 

TRUST COMPANY 

637 MAIN STREET, WALTHAM 



BRANCH OFFICES 



319 AUBURN STREET, AUBURNDALE 

74 MAIN STREET, COCHITUATE 

282 WASHINGTON STREET, NEWTON 

808 BEACON STREET, NEWTON CENTRE 

93 UNION STREET, NEWTON CENTRE 

1160 WALNUT STREET, NEWTON HIGHLANDS 

303 WALNUT STREET, NEWTONVILLE 

242 NEEDHAM STREET, NEWTON UPPER FALLS 

1 CHESTNUT STREET, WEST NEWTON 

466 WOODWARD STREET, WABAN 

...1097 LEXINGTON STREET, WALTHAM 

854 MAIN STREET, WALTHAM 

100 MAPLE STREET, WALTHAM 

23 MOODY STREET, WALTHAM 

318 MOODY STREET, WALTHAM 

458 BOSTON POST ROAD, WESTON 



G. L. White 
PRESIDENT 



S. J. Caruso 
TREASURER 



DIRECTORS 



W. D. Brooks, Jr. 
*G. P. Davis 
J. J. Flynn.III 
Bartlett Harwood 

E. F. Leathern 
M. F. MacNeil 

*T. F. Neelon 
*W. H. Nichols 
I. C. Paul 

F. T. Putney 
N. S. Rabb 



*F. L. Richardson 

I. S. Roe 

K. W. Rogers 

D. W. Stapleton 

J. S. Stone 

H. G. Travis 
*J. H. Walsh 
*G. L. White 

W. F. Wingard 

B. F. Wood 



ASSETS 



Commercial Department $57,849,123.81 

Savings Department 11,083,031.07 

Trust Department 22,362,807.52 



♦Savings Department Investment Committee Member. 



14 



P.D. 8, Section D. 





WARE 






WINCHESTER 


WARE 


TRUST COMPANY 




WINCHESTER TRUST COMPANY 


73 


MAIN STREET 




35 


CHURCH STREET 


W. M. Hyde 


H. W. Chapin 




BRANCH OFFICE 


PRESIDENT 


TREASURER 




16 MOUNT VERNON STREET 




DIRECTORS 




V. C. Ambrose 


C. W. Butler 


J. H. Bryson 


John Pilch 




PRESIDENT 


TREASURER 


L. B. Campbell 


Fulton Rindge 








W. M. Hyde 


A. H. Schoonmaker 








G. A. Mixter 


W. W. Shuttleworth 






DIRECTORS 


J. F. Nields 






*V. C. Ambrose 
*E. B. Dade 


*R. J. Holmes 
*C. W. Nash 




ASSETS 




*N. H. Fitzgerald 


*W. L. Parsons 


Commercial Department $5,046,182 


81 


*H. H. Ford 


H. S. Richardson 


Trust Department 


516,070 


82 


*D. S. Greer 


*H. K. Spencer 



WELLESLEY 

WELLESLEY TRUST COMPANY 

342 WASHINGTON STREET, 

WELLESLEY HILLS 

BRANCH OFFICE 
984 WORCESTER STREET, WELLESLEY 



H. D. Terry 
PRESIDENT 



*C. D. Aldrich 

*D. H. Danforth 

Moses Ellis 

C. E. Fuller 

*R. J. Keltie 

C. F. Machen 



A. T. Purinton 
TREASURER 



DIRECTORS 



H. L. Niles 
*H. L. Peabody 
*J. A. Peckham 
*Luella B. Studley 
*H. D. Terry 

H. D. White 



ASSETS 

Commercial Department $5,639,109.69 

Savings Department 2,194,265.74 



ASSETS 

Commercial Department $7,188,469.80 

Savings Department 1,926,565.95 



WORCESTER 



COMMERCE BANK & TRUST COMPANY 
240 MAIN STREET 



Aaron Krock 
PRESIDENT 



Peter Bell 
M. J. DiPeirro 
H. S. Gold 
Aaron Krock 
Barry Krock 



William Roberts 
TREASURER 



DIRECTORS 



A. G. Lajoie 
Charles Maykel 
F. W. Murthur 
William Roberts 
Joseph Talamo 



ASSETS 

Commercial Department $6,496,788.94 

Savings Department 2,116.00 



* Savings Department Investment Committee Member. 



P.D. 8, Section D. 



15 



GUARANTY BANK & TRUST 
COMPANY 



386 MAIN STREET 

BRANCH OFFICES 

COMMERCIAL AND CENTRAL STREETS 

51 GOLD STAR BOULEVARD 

655 PARK AVENUE 



R. A. Erickson 
PRESIDENT 



C. W. Ribb 
TREASURER 



DIRECTORS 



*W. R. Ballard 


*John Jeppson 


Nils Bjork 


G. A. Johnson 


J. N. Engelsted 


H. P. Johnson 


*R. A. Erickson 


A. R. LeMieux 


Andrew Gebski 


Myles Morgan 


*0. V. Gustafson 


R. L. Olson 


F. L. Harrington 


B. E. Petterson 


O. G. Hedstrom 


*C. M. Stanley 


Jacob Hiatt 


P. J. Styffe 


B. F. Jalar 


C. W. Swanson 


G. N. Jeppson 


E. S. Wright 



ASSETS 



Commercial Department $35,959,917.19 

Savings Department 14,367,536.81 

Trust Department 38,789.26 



WORCESTER COUNTY TRUST COMPANY 
446 MAIN STREET 



BRANCH OFFICES 

537 LINCOLN STREET 

344 MAIN STREET 

295 PARK AVENUE 

57 PEARL STREET 

DRURY SQUARE, AUBURN 

COMMON STREET, BARRE 

533 MAIN STREET, FITCHBURG 

1116 MAIN STREET, HOLDEN 

181 MAIN STREET, NORTH BROOKFIELD 

374 MAPLE AVENUE, SHREWSBURY 

249 MAIN STREET, SOUTHBRIDGE 

170 MAIN STREET, SPENCER 



E. L. Clifford 
PRESIDENT 



H. I. Spencer, Jr. 
TREASURER 



DIRECTORS 



P. C. Beals 


F. 


W. Howe, Jr. 


*A. H. Bullock 


H. 


R. Mcintosh 


*Chandler Bullock 


P. 


B. Morgan, Jr. 


*E. L. Clifford 


W 


H. Perks 


J. A. Crotty 


H. 


L. Plumley 


W. G. Davis 


A. 


W. Rice 


R. S. Frost 


W 


H. Sawyer 


A. J. Gifford 


E. 


W. Schumacher 


C. L. Goss 


H. 


G. Stoddard 


*F. C. Harrington 


R. 


W. Stoddard 


R. D. Harrington 


J. 


S. Tomajan 


Norman Harrower 


E. 


E. Williams 


R. A. Heald 







ASSETS 



Commercial Department $135,246,353.86 

Savings Department 4,426,240.43 

Trust Department 66,940,476.21 



* Savings Department Investment Committee Member. 



16 



P.D. 8, Section D. 



CORPORATIONS SUBJECT TO CHAPTER 172A OF THE GENERAL LAWS 



CHELSEA 

CHELSEA MORRIS PLAN BANK AND 

BANKING COMPANY 

409 BROADWAY 



R. C. Mansfield 
PRESIDENT 



L. M. Lawson 
TREASURER 



DIRECTORS 



H. C. Amos 

J. J. Bodell, Jr. 

C. E. Everett, Sr. 



R. C. Mansfield 
Harry O'Brien 



Total Assets $492,202.15 



LYNN 

NORTH SHORE BANK & BANKING COMPANY 
465 WASHINGTON STREET 

BRANCH OFFICE 

99 WASHINGTON STREET, SALEM 



A. F. Gill 
PRESIDENT 



A. F. Gill 
C. H. Holler 
H. A. Johnson 



A. F. Gill 
TREASURER 



DIRECTORS 



J. H. Louis 
E. A. Mark 



Total Assets $3,521,666.86 



NEW BEDFORD 

THE NEW BEDFORD MORRIS PLAN COMPANY 
206 UNION STREET 



J. G. Doyle 
PRESIDENT 



G. G. Schuler 
TREASURER 



DIRECTORS 



E. J. Dalbec 

J. G. Doyle 

H. T. Kennedy 

John McCullough, III 



J. A. Norris, Jr. 
G. G. Schuler 
F. H. Taber 
R. E. Taber 



Total Assets $2,366,684.37 



WORCESTER 

INDUSTRIAL CITY BANK & BANKING COMPANY 
16 FRANKLIN STREET 

BRANCH OFFICE 
HARDING AND ELLSWORTH STREETS 



H. M. Radcliffe 
PRESIDENT 



G. P. Newton, Jr. 
TREASURER 



DIRECTORS 



R. W. Booth 
J. Z. Buckley 
H. C. Coley 
I. J. Erikson 
J. P. Franklin 
Horace Gooch, Jr. 



L. F. Harris 
R. N. Heald 
C. F. Morrison 
H. M. Radcliffe 
R. N. Symonds 
G. F. Wright 



Total Assets $6,246,935.91 



ABSTRACTS OF THE ANNUAL REPORTS 

OF 

TRUST COMPANIES 

SHOWING 

STATEMENTS OF CONDITION 

OF ALL DEPARTMENTS 

AND 

CERTAIN OTHER INFORMATION RELATIVE TO 

THE SAVINGS DEPARTMENTS 

AS OF 

THE CLOSE OF BUSINESS, DECEMBER 31, 1958 



18 



P.D. 8, Section D. 



ASSETS 



ATHOL 



ATHOL BANK 

& TRUST 

COMPANY 



COMMERCIAL DEPARTMENT 

Incorporated 

Began Business 

Cash, clearing and cash items in the process of collection 

Balances with banks 

U. S. Government obligations, direct and fully guaranteed 

State, county and municipal obligations 

Other bonds, notes and debentures 

Corporate stocks 

Real estate loans 

Collateral loans 

Unsecured loans 

Installment loans 

Overdrafts 

Banking house, owned directly or indirectly, vaults, furniture, and fixtures 

Other real estate owned, etc., directly or indirectly 

Customers' liability on acceptances outstanding 

Prepaid expenses 

Interest accrued but not collected 

Other assets 

Total 



SAVINGS DEPARTMENT 

Began business 

Deposits draw interest from 

Interest is payable 

Cash, checks and cash items 

Balances with banks 

Due from Commercial department . 

U. S. Government obligations, direct and fully guaranteed 

Other public funds 

Railroad bonds 

Telephone company bonds 

Gas, electric and water company bonds 

Other bonds 

Bank and fire insurance company stock 

Securities acquired for debt 

Real estate loans 

Other loans 

Real estate owned, etc. 

Income accrued but not collected 

Other assets 

Total 



TRUST DEPARTMENT 

Government, state and municipal bonds 

Other bonds 

Stocks 

Loans on real estate 

Other loans 

Real estate by foreclosure, etc 

Real estate owned 

Deposits subject to check 

Other bank deposits 

Tangible personal property 

Other assets 

Total 



Apr. 6, 1955 

June 23, 1955 

$24,262.92 

224,082.76 

49,962.50 



71,602.56 

89,605.93 

161,818.20 

253,446.82 

20,042.71 

1,934.47 
5,795.10 



$902,553.97 



June 23, 1955 

Monthly on 1st 

May 1 - Nov. 1 

$1,895.82 

9,308.38 

6,137.49 

73,818.75 



10,000.00 



259,152.70 
24,730.00 



128.35 



$385,171.49 



No Trust 
Department 



P.D. 8, Section D. 



19 



ATTLEBORO 


BEVERLY 


BOSTON 




ATTLEBORO 


BEVERLY 


BOSTON SAFE 


CITY BANK 


FIDUCIARY 




TRUST 


TRUST 


DEPOSIT AND 


& TRUST 


TRUST 




COMPANY 


COMPANY 


TRUST 
COMPANY 


COMPANY 


COMPANY 




Nov. 23, 1910 


Mar. 27, 1914 


Apr. 13, 1867 


Aug. 6, 1956 


Mar. 30, 1928 




Mar. 6, 1911 


Aug. 3, 1914 


June 1, 1875 


Feb. 5, 1957 


Apr. 15, 1928 




$308,227.40 


$345,360.72 


$3,265,131.07 


$632,006.78 


$501,500.00 




1,752, 817. 72 


493,649.92 


5,760,765.78 


1,599,824.71 


999,291.66 




3,654,029.62 


1,407,662.24 


39,649,933.25 


6,026,056.53 


7,931,635.03 




-- 


461,784.41 


18,832,596.32 


-- 


1,896,484.34 




40,119.15 


10,037.50 


3,428,341.39 


-- 


322,176.87 




16,325.00 


-- 


-- 


-- 


-- 




415,860.84 


191,424.90 


-- 


225,131.36 


-- 




688,102.03 


1,022,337.97 


10,501,619.21 


1,463,660.40 


1,018,256.61 




1,438,241.10 


333,500.53 


4,057,342.00 


2,336,955.88 


-- 




416,146.27 


1,564,063.49 


-- 


1,984,143.87 


-- 




408.33 


3,249.72 


1,147.18 


2,753.42 


-- 




260,342.86 


206,685.44 


650,000.00 


135,083.67 


21,585.03 




__ 


__ 


__ 


105,471.24 


__ 




5,337.44 


8,496.46 


40,746.46 


-- 


-- 




28,452.72 


20,051.65 


403,617.95 


-- 


-- 




11,271.16 


6,038.55 


112,026,51 


10,607.59 


5,635.01 




$9,035,681.64 


$6,074,343.50 


$86,703,267.09 


$14,521,695.45 


$12,696,564.55 




Mar. 30, 1911 


Aug. 3, 1914 


No Savings 


Feb. 5, 1957 


No Savings 




Monthly on 5th 


Monthly on 3rd 


Department 


Monthly on 1st 


Department 




June 10-Dec. 10 


Jan. 15- July 15 




Jan. 15- July 15 






$19,955.15 


$2,339.37 




$1,297.85 






53,551.52 


59,901.99 




60,731.41 






75,527.77 


25,711.58 




36,205.35 






1,250,768.58 


1,828,214.11 




169,078.13 






-- 


379,638.78 




-- 






-- 


25,000.00 




-- 






-- 


10,081.68 




-- 






— 


1,500.00 




— 






2,351,533.32 


2,880,632.93 




872,869.04 






1,528.00 


47,396.09 




276,324.00 






-_ 


16.518.47 




-- 






10,915.92 


-- 




-- 






$3,763,780.26 


$5,276,935.00 




$1,416,505.78 . 






$323,935.19 




$118,112,600.96 


No Trust 


$30,822,779.86 




66,942.00 


-- 


88,530,560.86 


Department 


14,655,061.41 




499,757.92 


$46,353.71 


226,284,660.63 




68,175,144.74 




80,195.87 


-- 


361,297.89 




79,002.00 




-- 


-- 


332,727.61 




165,110.27 




104,000.00 


— 


4,149,400.72 




90,298.15 




30,789.39 


. 358.08 


14,233,752.14 




3,206,505.45 




61,722.83 


34,659.33 


3,369,741.43 




119,109.11 




25.00 


-- 


299,036.02 




3,740.80 




45,367.18 


10.00 


134,689.29 




170,559.25 




$1,212,735.38 


$81,381.12 


$455,808,467.55 




$117,487,311.04 





20 



P.D. 8, Section D. 



LIABILITIES 



ATHOL 



ATHOL BANK 

& TRUST 

COMPANY 



COMMERCIAL DEPARTMENT 

Demand deposits of individuals, partnerships and corporations . . . 

Time deposits of individuals, partnerships and corporations 

Deposits of U. S. Government (including Postal Savings) 

Deposits of states, counties, and municipalities 

Deposits of banks • . 

Due to Savings Department 

Other deposits (certified, officers' checks, etc.) 

Bills payable and other liabilities for borrowed money 

Mortgages or other liens on foreclosed real estate, etc 

Acceptances executed by or for account of this trust company . . . . 

Income collected not earned 

Accrued for taxes, interest, expenses, etc 

Other liabilities 

Capital stock Preferred 

Capital stock Common 

Surplus 

Undivided profits 

Preferred stock retirement fund 

Other capital reserves 

Total 

SAVINGS DEPARTMENT 

Savings deposits 

Club deposits 

Income collected not earned 

Accrued for taxes, interest, expenses, etc 

Other liabilities 

Guaranty fund 

Profit and loss, including net current period earnings 

Other capital reserves 

Total 

SAVINGS DEPARTMENT INFORMATION 
AS OF DECEMBER 31, 1958 

Number of real estate loans 

Average real estate loan 

Average rate on real estate loans 

Number of personal security loans 

Average personal security loan 

Average rate on personal security loan 

Average rate on amount invested in securities 

Average rate on amount invested in securities and loans 

PERIOD, DECEMBER 31, 1957 TO DECEMBER 31, 1958 

Rate of interest paid 

Amount of interest paid 

Amount of deposits 

Amount of withdrawals 

Net increase 

Number of deposits 

Number of withdrawals 

Number of accounts opened 

Number of accounts closed 

Net increase in number of accounts 

Number of accounts, December 31, 1958 

TRUST DEPARTMENT 

As trustee, executor, administrator, etc 

Income 

Earnings not transferred to the Commercial Department 

Other liabilities 

Total 

As agent, custodian, etc. 

As corporate agent or trustee 



$550,702.48 
68,767.75 
20,138.26 
70,435.49 
26,340.76 
6,137.49 
3,808.07 



19,059.00 

1,348.27 

100,000.00 

25,000.00 

8,716.40 

2,100.00 



$902,553.97 



$368,401.45 
3,674.50 



1,042.35 
2,692.00 
9,361.19 



$385,171.49 



34 

$7,622.13 

5.60 

11 

$2,248.18 
4.09 
2.73 
4.85 



3.00 
$9,272.09 
$196,902.07 
$144,183.12 
$61,991.04 
1,400 
547 
103 
43 
60 
452 



No Trust 
Department 



1 Decrease. 



P.D. 8, Section D. 



21 



ATTLEBORO 


BEVERLY 


BOSTON 




ATTLEBORO 


BEVERLY 


BOSTON SAFE 


CITY BANK 


FIDUCIARY 




TRUST 


TRUST 


DEPOSIT AND 


& TRUST 


TRUST 




COMPANY 


COMPANY 


TRUST 


COMPANY 


COMPANY 




$6,835,038.81 


$4,174,658.12 


$63,482,130.15 


$8,149,497.95 


$9,977,593.37 




-- 


64,809.41 


10,000.00 


158,350.00 


-- 




330,376.19 


127,831.73 


553,904.82 


326,556.09 


126,294.58 




551,369.69 


745,485.63 


6,112,246.06 


3,871,475.48 


-- 




217,412.43 


22,500.00 


4,067,038.24 


47,856.86 


211,000.00 




75,527.77 


34,587.01 


-- 


36,205.35 


-- 




343,258.38 


68,576.34 


847,237.95 


348,069.62 


__ 




-- 


-- 


~~ 


105,471.24 


__ 




43,861.98 


170,860.20 


148,556.80 


168,627.37 


-- 




39,202.02 


91,106.47 


1,379,010.72 


23,628.71 


212,423.12 




7,562.75 


25,587.14 


-- 


90,533.17 


11,395.83 




200,000.00 


250,000.00 


2,500,000.00 


500,000.00 


700,000.00 




200,000.00 


160,000.00 


3,500,000.00 


500,000.00 


700,000.00 




152,500.69 


64,331.25 


2,309,119.39 


1,421.08 


630,030.97 




39,570.93 


74,010.20 


1,794,022.96 


194,002.53 


127,826.68 




$9,035,681.64 


$6,074,343.50 


$86,703,267.09 


$14,521,695.45 


$12,696,564.55 




$3,329,918.40 


$4,740,837.60 


No Savings 


$1,360,915.38 


No Savings 




79,198.00 


41,288.50 


Department 


2,590.00 


Department 




302.84 


202.94 




1,721.20 






7,087.49 


54,032.35 




15,563.01 






8,996.41 


184,946.58 




15,003.94 






179,000.00 


209,000.00 




4,500.00 






118,277.12 


17,200.57 




16,212.25 






41,000.00 


29,426.46 




-- 






$3,763,780.26 


$5,276,935.00 




$1,416,505.78 






353 


554 




41 






$6,661.56 


$5,199.69 




$21,289.48 






4.93 


5.03 




5.91 






4 


4 




55 






$382.00 


$11,849.02 




$5,024.07 






3.00 


4.08 




5.17 






3.26 


2.37 




2.13 






4.35 


3.87 




5.27 






2.50 


2.50 




3.00 






$76,491.06 


$105,247.57 




$15,530.37 






$1,053,395.24 


$2,146,352.89 




$1,084,851.66 






$991,598.82 


$2,139,423.54 




$383,102.20 






$138,287.48 


$122,176.92 




$717,279.83 






7,930 


22,230 




3,702 






4,636 


11,805 




947 






267 


1,333 




394 






292 


1,060 




117 






1 25 


273 




277 






3,110 


7,921 




699 






$1,188,015.83 


$81,137.60 


$449,399,131.85 


No Trust 


$114,840,919.19 




24,467.75 


243.52 


6,409,335.70 


Department 


2,642,391.85 




251.80 


-- 


-- 




4,000.00 




$1,212,735.38 


$81,381.12 


$455,808,467.55 




$117,487,311.04 




$339,778.01 





$124,975,875.41 




$249,785,659.10 




-- 


~~ 


$123,115,146.68 









22 



P.D. 8, Section D. 



ASSETS 



BOSTON 



THE 

NEW ENGLAND 

TRUST 

COMPANY 



COMMERCIAL DEPARTMENT 

Incorporated 

Began Business 

Cash, clearing and cash items in the process of collection 

Balances with banks 

U. S. Government obligations, direct and fully guaranteed 

State, county and municipal obligations 

Other bonds, notes and debentures 

Corporate stocks 

Real estate loans 

Collateral loans 

Unsecured loans 

Installment loans •. 

Overdrafts 

Banking house, owned directly or indirectly, vaults, furniture, and fixtures 

Other real estate owned, etc., directly or indirectly 

Customers' liability on acceptances outstanding 

Prepaid expenses 

Interest accrued but not collected 

Other assets 

Total 



SAVINGS DEPARTMENT 

Began business 

Deposits draw interest from 

Interest is payable 

Cash, checks and cash items 

Balances with banks 

Due from Commercial department 

U. S. Government obligations, direct and fully guaranteed 

Other public funds 

Railroad bonds : 

Telephone company bonds 

Gas, electric and water company bonds 

Other bonds 

Bank and fire insurance company stock 

Securities acquired for debt 

Real estate loans 

Other loans 

Real estate owned, etc. 

Income accrued but not collected 

Other assets 

Total 



TRUST DEPARTMENT 

Government, state and municipal bonds 

Other bonds 

Stocks . . . 

Loans on real estate 

Other loans 

Real estate by foreclosure, etc 

Real estate owned 

Deposits subject to check 

Other bank deposits 

Tangible personal property 

Other assets 

Total . . . 



Apr. 22, 1869 

Feb. 20, 1871 

$7,586,698.42 

14,102,403.35 

23,473,218.75 

3,715,514.82 

1,374,884.61 

248,365.81 

248,202.00 

15,*506,970.45 

11,499,928.23 

3,474,058.03 

9,145.48 

825,000.00 



47,674.73 

219,090.44 

54,933.38 



$82,386,088.50 



No Savings 
Department 



$19,194,124.22 
70,226,373.05 

106,972,969.85 
410,560.65 
170,104.31 

4,265,101.26 
5,327,271.16 
1,693,688.51 
110,208.06 
1,174,681.29 



$309,545,082.36 



P.D. 8, Section D. 



23 



BOSTON 


BROOKLINE 




OLD COLONY 


SECOND BANK- 


UNITED 


BROO KLINE 


NORFOLK 




TRUST 


STATE STREET 


STATES 


TRUST 


COUNTY 




COMPANY 


TRUST 


TRUST 


COMPANY 


TRUST 






COMPANY 


COMPANY 




COMPANY 




May 8, 1890 


Apr. 13, 1891 


Apr. 15, 1887 


Oct. 13, 1910 


Dec. 18, 1934 




June 13, 1890 


July 1, 1891 


Mar. 4, 1895 


Nov. 1, 1910 


Jan. 2, 1935 




-- 


$42,416,270.29 


$9,316,773.15 


$737,517.32 


$8,680,478.66 


1 


$172,690.82 


57,498,757.69 


4,500,759.80 


2,443,612.53 


11,207,435.96 


2 


8,796,503.90 


118,692,929.04 


10,071,884.38 


9,047,630.47 


13,258,446.25 


3 


2,414,825.27 


15,463,657.70 


-- 


1,221,334.86 


16,211,693.15 


4 


_- 


1,455,107.76 


9,000.00 


200,000.00 


3,978,483.60 


5 


300,000.00 


1,009,430.27 


80,551.00 


25,039.92 


162,000.00 


6 


-- 


13,830,393.85 


-- 


132,946.31 


145,000.00 


7 


-_ 


58,302,052.58 


11,487,228.81 


1,109,892.91 


10,247,295.81 


8 


__ 


83,480,742.66 


13,923,790.63 


5,023,491.16 


6,959,907.27 


9 


-_ 


19,876,876.98 


1,835,778.32 


3,105,495.57 


18,603,232.17 


10 


-- 


38,606.57 


3 V 846.74 


2,030.30 


37,203.25 


11 


-- 


5,933,972.87 


300,001.00 


353,237.02 


1,524,588.54 


12 
13 





2,355,090.28 


64,231.67 


-- 


-- 


14 


586.22 


736,623.78 


12,831.60 


34,118.28 


46,082.12 


15 


95,159.41 


1,992,752.98 


117,582.20 


52,770,86 


247,973.95 


16 


255,624.96 


210,248.24 


80,604.56 


2,804.40 


4,261.55 


17 


$12,035,390.58 


$423,293,513.54 


$51,804,863.86 


$23,491,921.91 


$91,314,082.28 


18 


No Savings 


Sept. 22, 1925 


Apr. 6, 1908 


Mar. 31, 1919 


Jan. 2, 1935 


19 


Department 


Monthly on 1st 


Monthly on 1st 


Monthly on 1st 


Monthly on 1st 


20 




Jan. 15-July 15 


3rdTues. Apr .-Oct. 


Feb. 15-Aug. 15 


Jan. 15-July 15 


21 




$11,816.16 


$3,402.59 


$12,185.35 


-- 


22 




-- 


-- 


139,229.45 


$107,537.74 


23 




83,901.06 


25,571.90 


98,023.58 


1,188,108.47 


24 




1,552,435.42 


1,695,625.00 


2,188,875.00 


10,858.381.26 


25 




1,007,058.05 


-- 


285,867.83 


6,877.00 


26 




-- 


-- 


-- 


-- 


27 




-- 


-- 


-- 


-- 


28 




-- 


-- 


-- 


-- 


29 




360,205.41 


-- 


125,000.00 


-- 


30 




15,316.00 


-- 


21,153.30 


-- 


31 




-- 


-- 


-- 


-- 


32 




613,326.10 


1,543,463.39 


2,187,671.56 


9,005,738.22 


33 




-- 


483,540.26 


1,196,688.28 


-- 


34 




-- 


-- 


-- 


-- 


35 




— 


27,794.01 


13,898.89 


86,045.15 


36 




217.36 


1,014.79 


8,695.05 


-- 


37 




$3,644,275.56 


$3,780,411.94 


$6,276,288.29 


$21,252,687.84 


38 


$246,575,043.60 


$109,763,673.86 


$4,220,283.07 


$406,285.84 


$124,148.35 


39 


252,324,550.56 


73,631,189.15 


732,652.14 


155,886.19 


416,206.68 


40 


407,482,932.25 


190,012,160.02 


7,613,106.09 


688,886.06 


1,087,075.34 


41 


14,721,695.38 


412,385.90 


542,117.01 


1,500.00 


102,800.92 


42 


2,516,375.53 


1,252.267.56 


11,434.00 


-- 


51,758.44 


43 


__ 


__ 


-- 


-- 


-- 


44 


10,404,235.25 


. 2,890,449.44 


770,452.33 


34,795.31 


107,885.64 


45 


17,559,054.39 


13,941,753.80 


224,868.77 


28,186.51 


60,526.11 


46 


1,953,669.54 


2,698,354.89 


478,697.77 


105,925.79 


177,450.18 


47 


__ 


136,412.67 


556.28 


-- 


3.00 


48 


6,458,086.93 


2,146,156.46 


770,380.81 


80.00 


32.00 


49 


$959,995,643.43 


$396,884,803.75 


$15,364,548.27 


$1,421,545.70 


$2,127,886.66 


50 



24 



P.D. 8, Section D. 



LIABILITIES 



BOSTON 



THE 

NEW ENGLAND 

TRUST 

COMPANY 



COMMERCIAL DEPARTMENT 

Demand deposits of individuals, partnerships and corporations . . . 

Time deposits of individuals, partnerships and corporations 

Deposits of U. S. Government (including Postal Savings) 

Deposits of states, counties, and municipalities 

Deposits of banks 

Due to Savings Department 

Other deposits (certified, officers' checks, etc.) 

Bills payable and other liabilities for borrowed money 

Mortgages or other liens on foreclosed real estate, etc 

Acceptances executed by or for account of this trust company .... 
Income collected not earned 

Accrued for taxes, interest, expenses, etc. 

Other liabilities - 

Capital stock Preferred 

Capital stock Common 

Surplus 

Undivided profits 

Preferred stock retirement fund 

Other capital reserves 

Total 

SAVINGS DEPARTMENT 

Savings deposits 

Club deposits 

Income collected not earned 

Accrued for taxes, interest, expenses, etc 

Other liabilities 

Guaranty fund 

Profit and loss, including net current period earnings 

Other capital reserves 

Total 

SAVINGS DEPARTMENT INFORMATION 
AS OF DECEMBER 31, 1958 

Number of real estate loans 

Average real estate loan 

Average rate on real estate loans 

Number of personal security loans 

Average personal security loan 

Average rate on personal security loan 

Average rate on amount invested in securities . . . , 

Average rate on amount invested in securities and loans 

PERIOD, DECEMBER 31, 1957 TO DECEMBER 31, 1958 

Rate of interest paid 

Amount of interest paid 

Amount of deposits 

Amount of withdrawals 

Net increase 

Number of deposits 

Number of withdrawals 

Number of accounts opened 

Number of accounts closed 

Net increase in number of accounts 

Number of accounts, December 31, 1958 

TRUST DEPARTMENT 

As trustee, executor, administrator, etc 

Income 

Earnings no transferred to the Commercial Department 

Other liabilities 

Total 

As agent, custodian, etc. 

As corporate agent or trustee 



$66,306,670.26 

345,000.00 

483,061.83 

493,001.44 

3,629,933.85 

1,776,477.72 



382,689.29 
802,597.77 
104,499.79 

2,400,000.00 

3,020,000.00 

983.952.08 

1,658,204.47 



12,386,088.50 



No Savings 
Department 



$306,623,198.07 
2,921,884.29 



$309,545,082.36 



$463,290,712.40 
1,524,238.93 



1 Decrease. 



P.D. 8, Section D. 



25 



BOSTON 


BROOKLINE 




OLD COLONY 


SECOND BANK- 


UNITED 


BROO KLINE 


NORFOLK 




TRUST 


STATE STREET 


STATES 


TRUST 


COUNTY 




COMPANY 


TRUST 


TRUST 


COMPANY 


TRUST 






COMPANY 


COMPANY 




COMPANY 






$288,300,661.78 


$31,784,629.16 


$18,273,133.66 


$57,613,446.90 


1 


-- 


-- 


50,000.00 


. -- 


-- 


2 


-- 


9,624,920.96 


521,366.99 


301,400.68 


1,531,719.63 


3 


-- 


29,863,008.43 


11,657,834.17 


365,829.69 


13,056,161.16 


4 


-- 


35,726,340.24 


548,303.85 


608,720.84 


4,445,213.56 


5 


-- 


84,757.03 


42,066.70 


126,671.87 


1,188,108.47 


6 


-- 


5,499,352.59 


1,630,113.42 


1,331,749.67 


4,000,933.35 


7 
8 


-- 


2,385,575.77 


64,231.67 


-- 


-- 


9 
10 


-- 


1,611,315.69 


351,559.74 


308,518.14 


2,027,117.61 


11 


$1,213,112.22 


3,106,325.52 


861,377.65 


95,293.82 


547,065.71 


12 


-- 


4,130,294.29 


70,941.97 


69,000.00 


55,859.71 


13 
14 
15 


5,000,000.00 


10,000,000.00 


1,150,000.00 


600,000.00 


2,000,000.00 


5,000,000.00 


20,000,000.00 


1,150,000.00 


400,000.00 


2,800,000.00 


16 


609,247.44 


8,764,499.07 


932,877.54 


416,600.42 


632,823.57 


17 
18 
19 


213,030.92 


4,196,462.17 


989,561.00 


595,003.12 


1,215,632.61 


$12,035,390.58 


$423,293,513.54 


$51,804,863.86 


$23,491,921.91 


$91,314,082.28 


20 


No Savings 


$3,083,218.81 


$2,871,402.11 


$5,142,480.90 


$19,178,630.17 


21 


Department 


-- 


-- 


-- 


138,567.00 


22 




-- 


4,668.43 


13,871.71 


-- 


23 




30,200.00 


39,867.62 


65,316.91 


173,118.54 


24 




1,282.23 


20,655.54 


62,470.02 


217,385.11 


25 




250,000.00 


385,000.00 


600,000.00 


1,000,000.00 


26 




279,574.52 


414,867.27 


327,059.57 


242,331.88 


27 




-- 


43,950.97 


65,089.18 


302,655.14 


28 




$3,644,275.56 


$3,780,411.94 


$6,276,288.29 


$21,252,687.84 


29 




32 


206 


169 


1,055 


30 




$19,166.44 


$7,492.54 


$12,944.80 


$8,536.24 


31 




4.53 


4.73 


4.51 


4.59 


32 






26 


874 




33 






$18,597.70 


$1,369.20 




34 






4.06 


4.63 




35 




3.20 


2.83 


2.84 


2.53 


36 




3.41 


3.86 


3.80 


3.47 


37 




2.00 


2.00 


2.00 


2.00 


38 




$56,720.97 


$57,978.02 


$93,970.82 


$345,628.10 


39 




$1,339,367.48 


$1,027,000.94 


$2,465,367.57 


$8,566,797.08 


40 




$1,456,206.48 


$1,375,933.84 


$2,584,729.70 


$8,933,762.60 


41 




$ J 60,118.03 


$ 1290,954.88 


$ ^^LSl 


$ 1 21,337.42 


42 




9,916 


7,533 


14,121 


71,125 


43 




6,798 


4,970 


10,567 


46,900 


44 




597 


462 


1,211 


4,683 


45 




1 087 
*490 


883 


1,431 
1 220 


6,124 


46 




*421 


1,441 


47 




3,856 


4,217 


7,956 


31,640 


48 


$953,597,612.36 


$393,212,502.12 


$15,303,507.19 


$1,410,850.85 


$2,004,852.89 


49 


6,398,031.07 


3,655,566.16 


58,460.80 


10,694.85 


10,320.78 


50 
51 
52 


-- 


16,735.47 


2,580.28 


-- 


112,712.99 


$959,995,643.43 


$396,884,803.75 


$15,364,548.27 


$1,421,545.70 


$2,127,886.66 


53 


$908,813,536.64 


$2,110,180,113.53 


$3,772,548.49 


$80,250.00 


$629,384.40 


54 


$96,050,389.76 


$147,514,363.60 


$738,508.35 


-- 


-- 


55 



26 



P.D. 8, Section D. 



ASSETS 



CAMBRIDGE 



CAMBRIDGE 

TRUST 
COMPANY 



COMMERCIAL DEPARTMENT 

Incorporated 

Began Business 

Cash, clearing and cash items in the process of collection 

Balances with banks 

U. S. Government obligations, direct and fully guaranteed 

State, county and municipal obligations 

Other bonds, notes and debentures 

Corporate stocks 

Real estate loans 

Collateral loans 

Unsecured loans 

Installment loans 

Overdrafts 

Banking house, owned directly or indirectly, vaults, furniture, and fixtures 

Other real estate owned, etc., directly or indirectly 

Customers' liability on acceptances outstanding 

Prepaid expenses 

Interest accrued but not collected 

Other assets 

Total 



SAVINGS DEPARTMENT 

Began business 

Deposits draw interest from 

Interest is payable 

Cash, checks and cash items 

Balances with banks 

Due from Commercial department 

U. S. Government obligations, direct and fully guaranteed 

Other public funds 

Railroad bonds 

Telephone company bonds 

Gas, electric and water company bonds 

Other bonds 

Bank and fire insurance company stock 

Securities acquired for debt 

Real estate loans 

Other loans 

Real estate owned, etc. 

Income accrued but not collected 

Other assets 

Total 



TRUST DEPARTMENT 

Government, state and municipal bonds 

Other bonds 

Stocks 

Loans on real estate 

Other loans 

Real estate by foreclosure, etc 

Real estate owned 

Deposits subject to check 

Other bank deposits 

Tangible personal property 

Other assets 

Total 



May 8, 1890 
Nov. 7, 1892 
$836,173.34 
1,762,462.19 
6,079,105.03 
1,418,312.28 



2,512,208.49 

1,852,692.70 

3,492,100.11 

617,551.58 

5,144.88 

78,717.88 



10,354.17 
56,685.74 



$18,721,508.39 



Sept. 1, 1914 

Monthly on 1st 

May 15-Nov. 15 

$7,222.66 

75,936.94 

60,321.03 

1,105,129.17 



1,510,965.81 
8,244.34 



$2,767,819.95 



$1,128,904.61 

517,320.38 

5,464,372.62 

13,110.00 



177,359.28 
203,180.69 

108,094.86 



$7,612,342.44 



P.D. 8, Section D. 



27 



CAMBRIDGE 


CHATHAM 


CHELMSFORD 




COUNTY BANK 


HARVARD 


UNIVERSITY 


CHATHAM 


CHELMSFORD 




AND TRUST 


TRUST 


TRUST 


TRUST 


TRUST 




COMPANY 


COMPANY 


COMPANY 


COMPANY 


COMPANY 




June 9, 1933 


July 14, 1904 


Jan. 4, 1927 


Aug. 16, 1919 


Dec. 13, 1957 




July 17, 1933 


Aug. 8, 1904 


June 11, 1927 


Jan. 15, 1920 


Jan. 6, 1958 




$1,322,351.43 


$12,371,135.31 


$151,925.82 


$135,444.13 


$70,095.53 


1 


2,089,818.16 


6,846,064.50 


669,325.50 


209,147.07 


394,753.43 


2 


3,003,178.39 


23,988,441.46 


1,333,046.88 


938,906.25 


472,168.30 


3 


486,660.90 


18,417,081.15 


-- 


-- 


43,327.96 


4 


-- 


3,761,181.74 


-- 


-- 


138,312.50 


5 


25,500.00 


239,155.01 


4,000.00 


18,437.50 


— 


6 


803,436.61 


5,646,936.36 


23,450.33 


21,300.00 


175,600.74 


7 


864,343.21 


9,575,169.44 


353,955.35 


117,080.00 


96,986.00 


8 


2,228,192.20 


7,241,905.49 


275,546.67 


194.959.00 


154,112.94 


9 


846,626.34 


6,714,181.57 


919,813.23 


14,120.52 


347,117.81 


10 


1,248.47 


2,243.15 


2,413.78 


59.23 


2,232.91 


11 


249,571.72 


1,632,702.39 


5,863.46 


67,083.49 


80,109.71 


12 


-- 


41,619.49 


-- 


-- 


-- 


13 
14 
15 


10,637.95 


45,966.05 


2,310.80 


693.82 


18,848.37 


34,210.65 


397,436.39 


-- 


-- 


7,347.39 


16 


15,024.91 


508,223.52 


8.44 


3,097.36 


-- 


17 


$11,980,800.94 


$97,429,443.02 


$3,741,660.26 


$1,720,328.37 


$2,001,013.59 


18 


July 17, 1933 


May 29, 1916 


June 11, 1927 


Jan. 15, 1920 


Jan. 6, 1958 


19 


Monthly on 5th 


Monthly on 5th 


Monthly on 1st 


Monthly-Last day 


Monthly on 1st 


20 


June 15-Dec. 15 


June 5-Dec. 5 


June 30-Dec. 31 


Apr. 1-Oct. 1 


Jan. 15- July 15 


21 


$12,510.36 


-- 


$7,301.98 


$3,321.84 


$1,284.76 


22 


103,813.85 


-- 


40,054.19 


39,691.84 


63,496.14 


23 


-- 


$106,611.01 


26,607.42 


15,000.00 


-- 


24 


1,006,147.08 


4,400,821.87 


680,984.38 


487,593.75 


59,579.31 


25 


— 


-- 


-- 


-- 


-- 


26 


-- 


— 


— 


10,000.00 


-- 


27 


-- 


-- 


-- 


20,000.00 


-- 


28 


-- 


-- 


-- 


-- 


-- 


29 


-- 


-- 


-- 


-- 


-- 


30 


__ 


-- 


-- 


-- 


-- 


31 


_- 


-- 


-- 


-- 


-- 


32 


1,812,703.62 


7,195,137.88 


866,419.62 


753,963.50 


231,332.95 


33 


99,466.26 


-- 


20,375.00 


6,500.00 


-- 


34 


-- 


-- 


-- 


-- 


-- 


35 


10,315.61 


64,832.72 


-- 


-- 


226.53 


36 


-- 


804.82 


-- 


29.01 


— 


37 


$3,044,956.78 


$11,768,208.30 


$1,641,742.59 


$1,336,099.94 


$355,919.69 


38 


No Trust 


$3,938,662.47 


No Trust 


No Trust 


No Trust 


39 


Department 


6,658,589.88 

21,302,807.32 

335,277.84 

183,197.46 

534,383.58 
1,298,397.60 

866,727.98 

26,960.45 

2,428,569.83 


Department 


Department 


Department 


40 
41 
42 
43 
44 
45 
46 
47 
48 
49 




$37,573,574.41 








50 



28 



P.D. 8, Section D. 



LIABILITIES 



CAMBRIDGE 



CAMBRIDGE 

TRUST 

COMPANY 



COMMERCIAL DEPARTMENT 

Demand deposits of individuals, partnerships and corporations . . . 

Time deposits of individuals, partnerships and corporations 

Deposits of U. S. Government (including Postal Savings) 

Deposits of states, counties, and municipalities 

Deposits of banks 

Due to Savings Department 

Other deposits (certified, officers' checks, etc.) 

Bills payable and other liabilities for borrowed money 

Mortgages or other liens on foreclosed real estate, etc 

Acceptances executed by or for account of this trust company .... 

Income collected not earned 

Accrued for taxes, interest, expenses, etc 

Other liabilities 

Capital stock Preferred 

Capital stock Common 

Surplus 

Undivided profits 

Preferred stock retirement fund 

Other capital reserves 

Total 

SAVINGS DEPARTMENT 

Savings deposits 

Club deposits 

Income collected not earned 

Accrued for taxes, interest, expenses, etc 

Other liabilities 

Guaranty fund 

Profit and loss, including net current period earnings 

Other capital reserves 

Total 

SAVINGS DEPARTMENT INFORMATION 
AS OF DECEMBER 31, 1958 

Number of real estate loans 

Average real estate loan 

Average rate on real estate loans 

Number of personal security loans 

Average personal security loan 

Average rate on personal security loan 

Average rate on amount invested in securities . . . .- 

Average rate on amount invested in securities and loans 

PERIOD, DECEMBER 31, 1957 TO DECEMBER 31, 1958 

Rate of interest paid 

Amount of interest paid 

Amount of deposits 

Amount of withdrawals 

Net increase 

Number of deposits 

Number of withdrawals 

Number of accounts opened 

Number of accounts closed 

Net increase in number of accounts 

Number of accounts, December 31, 1958 

TRUST DEPARTMENT 

As trustee, executor, administrator, etc 

Income 

Earnings no transferred to the Commercial Department 

Other liabilities 

Total , 

As agent, custodian, etc. 

As corporate agent or trustee , 



$14,537,792.52 

427,048.78 

447,415.74 

742,507.82 

94,097.05 

660,151.53 



230,489.65 
27,178.84 

500,000.00 
500,000.00 
234,709.81 

320,116.65 



$18,721,508.39 



$2,358,078.34 



6,820.00 

14,786.82 

166,092.75 

218,881.96 

3,160.08 



$2,767,819.95 



92 
$16,423.54 
4.86 



3.07 
4.10 



2.50 
$49,841.03 
$1,445,346.11 
$1,217,414.25 
$277,772.89 
4,395 
3,200 
595 
523 
72 
3,177 



$7,523,307.25 
89,035.19 



$7,612,342.44 



$10,495,611.64 



1 Decrease. 



P.D. 8, Section D. 



29 



CAMBRIDGE 


CHATHAM 


CHELMSFORD 




COUNTY BANK 


HARVARD 


UNIVERSITY 


CHATHAM 


CHELMSFORD 


- 


AND TRUST 


TRUST 


TRUST 


TRUST 


TRUST 




COMPANY 


COMPANY 


COMPANY 


COMPANY 


COMPANY 




$8,802,223.25 


$71,432,602.94 


$2,365,735.43 


$1,371,639.70 


$984,086.55 


1 


10,000.00 


40,000.00 


128,000.00 


-- 


25,000.00 


2 


345,603.67 


2,128,326.58 


167,091.34 


318.75 


36,854.35 


3 


627,195.10 


4,695,045.29 


111,736.55 


79,594.35 


608,825.68 


4 


91,136.95 


4,644,254.61 


235,579.45 


65,642.12 


15,000.00 


5 


-- 


158,449.17 


48,873.37 


15,000.00 


-- 


6 


723,556.64 


5,294,829.20 


88,741.63 


4,541.38 


18,347.90 


7 
8 


89,622.92 


407,535.89 


-- 


-- 


35,170.20 


9 
10 
11 


91,145.37 


564,300.00 


33,200.00 


3,500.00 


1,109.95 


12 


24,926.59 


248,870.25 


406.00 


1,956.63 


14,989.62 


13 

14 
15 


300,000.00 


2,000,000.00 


200,000.00 


50,000.00 


130,000.00 


400,000.00 


3,000,000.00 


100,000.00 


50,000.00 


90,000.00 


16 


261,384.10 


1,343,916.39 


217,999.77 


69,712.32 


41,629.34 


17 
18 
19 


214,006.35 


1,471,312.70 


44,296.72 


8,423.12 


-- 


$11,980,800.94 


$97,429,443.02 


$3,741,660.26 


$1,720,328.37 


$2,001,013.59 


20 


$2,697,022.62 


$10,686,444.35 


$1,410,138.63 


$1,137,480.12 


$315,778.40 


21 


61,969.00 


58,136.00 


18,012.00 


2,449.50 


1,946.50 


22 


1,333.19 


-- 


-- 


8,360.87 


-- 


23 


31,593.59 


14,013.18 


7,800.00 


7,200.00 


2,726.96 


24 


32,512.27 


286,722.38 


11,116.51 


23,834.75 


33,212.15 


25 


150,000.00 


537,000.00 


100,000.00 


61,600.00 


634.28 


26 


16,506.39 


171,293.34 


94,675.45 


83,611.52 


1,621.40 


27 


54,019.72 


14,599.05 


-- 


11,563.18 


-- 


28 


$3,044,956.78 


$11,768,208.30 


$1,641,742.59 


$1,336,099.94 


$355,919.69 


29 


212 


880 


157 


154 


19 


30 


$8,550.48 


$8,176.29 


$5,518.59 


$4,895.86 


$12,175.41 


31 


4.55 


4.75 


4.61 


5.18 


5.83 


32 


9 




1 


2 




33 


$11,051.80 




$20,375.00 


$3,250.00 




34 


4.57 




5.00 


4.65 




35 


2.75 


3.16 


2.39 


2.36 


2.75 


36 


3.94 


4.14 


3.67 


4.04 


5.21 


37 


2.00 


2.00 


2.00 


2.75 


2.00 


38 


$49,241.57 


$191,056.35 


$24,932.79 


$28,563.63 


$468.01 


39 


$1,270,063.78 


$5,687,169.63 


$697,956.22 


$636,281.92 


$528,109.52 


40 


$1,347,440.41 


$5,839,318.37 


$694,058.13 


$676,496.64 


$212,799.13 


41 


$ 28,135.06 


$38,907.61 


$28,830.88 


$ 11,651.09 


$315,778.40 


42 


11,969 


42,876 


6,984 


5,223 


1,921 


43 


7,991 


27,502 


4,840 


3,807 


646 


44 


1,053 


3,433 


375 


247 


391 


45 


1,023 


3,914 


408 


371 


79 


46 


30 


1481 


1 33 


1 124 


512 


47 


4,480 


21,348 


3,661 


2,179 


512 


48 


No Trust 


$37,057,223.98 


No Trust 


No Trust 


No Trust 


49 


Department 


496,350.43 


Department 


Department 


Department 


50 
51 
52 




20,000.00 










$37,573,574.41 








53 




$20,675,969.57 








54 




$540,150.00 








55 



30 



P.D. 8, Section D. 



ASSETS 



CLINTON 



CLINTON 

TRUST 
COMPANY 



COMMERCIAL DEPARTMENT 

Incorporated 

Began Business 

Cash, clearing and cash items in the process of collection 

Balances with banks 

U. S. Government obligations, direct and fully guaranteed 

State, county and municipal obligations 

Other bonds, notes and debentures 

Corporate stocks 

Real estate loans 

Collateral loans 

Unsecured loans 

Installment loans 

Overdrafts 

Banking house, owned directly or indirectly, vaults, furniture, and fixtures 

Other real estate owned, etc., directly or indirectly 

Customers' liability on acceptances outstanding 

Prepaid expenses 

Interest accrued but not collected 

Other assets 

Total 



SAVINGS DEPARTMENT 

Began business 

Deposits draw interest from 

Interest is payable 

Cash, checks and cash items 

Balances with banks 

Due from Commercial department 

U. S. Government obligations, direct and fully guaranteed 

Other public funds 

Railroad bonds 

Telephone company bonds 

Gas, electric and water company bonds 

Other bonds 

Bank and fire insurance company stock 

Securities acquired for debt 

Real estate loans 

Other loans 

Real estate owned, etc. 

Income accrued but not collected 

Other assets 

Total 



TRUST DEPARTMENT 

Government, state and municipal bonds 

Other bonds 

Stocks 

Loans on real estate 

Other loans 

Real estate by foreclosure, etc 

Real estate owned 

Deposits subject to check 

Other bank deposits 

Tangible personal property 

Other assets 

Total 



Nov. 20, 1929 

Nov. 23, 1929 

$383,171.05 

1,446,801.54 

2,521,278.66 

603,953.59 

19,925.02 

6,835.54 

295,985.34 

1,405,869.35 

1,048,856.29 

806,221.31 

126.91 

190,000.00 



834.69 
5.52 



,729,864.81 



Nov. 23, 1929 

Monthly on 1st 

Jan. 1-July 1 

$16,455.25 

63,202.44 

76,784.44 

772,449.91 

25,324.70 



18,025.84 

1,765,561.23 

517,610.72 



$3,255,414.53 



$39,182.81 

22,796.24 

2,633.52 

46,544.87 



7,746.25 
269,182.13 



$388,085.82 



P.D. 8, Section D. 



31 



DEDHAM 


FALL 


RIVER 


FRAMINGHAM 


GARDNER 




DEDHAM 


B. M. C. DURFEE 


FALL RIVER 


FRAMINGHAM 


GARDNER 




TRUST 


TRUST 


TRUST 


TRUST 


TRUST 




COMPANY 


COMPANY 


COMPANY 


COMPANY 


COMPANY 




Dec. 19, 1957 


Mar. 16, 1887 


Mar. 6, 1919 


Mar. 9, 1909 


Oct. 1, 1916 




Jan. 13, 1958 


July 9, 1888 


July 23, 1919 


Aug. 15, 1910 


Oct. 10, 1916 




$90,535.11 


$959,449.40 


$1,396,182.02 


$728,573.80 


$331,459.91 


1 


136,492.65 


2,817,055.93 


3,663,181.61 


3,922,378.52 


787,340.11 


2 


— 


3,798,575.00 


3,163,831.75 


7,491,406.79 


3,140,290.25 


3 


402,793.96 


2,396,254.79 


394,805.78 


375,045.48 


532,510.39 


4 


264,817.05 


-- 


167,205.40 


-- 


149,812.50 


5 


-- 


253,605.00 


20,529.24 


-- 


28,674.33 


6 


10,000.00 


1,161,739.08 


10,000.00 


729,218.78 


50,000.00 


7 


62,373.43 


2,215,764.20 


2,329,925.61 


1,180,649.52 


308,579.82 


8 


420,730.17 


2,795,632.12 


2,458,578.62 


1,750,992.44 


302,714.69 


9 


126,039.59 


2,052,502.79 


1,169,700.86 


4,560,184.04 


821,773.82 


10 


239.35 


576.84 


3,152.40 


625.80 


-- 


11 


76,991.65 


572,989.45 


304,807.20 


459,151.70 


110,262.66 


12 


-- 


-- 


-- 


22,021.47 


-- 


13 

14 
15 


8,330.39 


23,528.94 


6,184.40 


27,666.42 


__ 


3,035.80 


59,031.80 


30,988.85 


39,327.82 


-- 


16 


13,227.57 


6,800.00 


6,739.57 


8,000.00 


-- 


17 


$1,615,506.72 


$19,113,505.34 


$15,125,813.31 


$20,295,242.58 


$6,563,418.48 


18 


Jan. 13, 1958 


Oct. 2, 1933 


Jan. 2, 1920 


Aug. 15, 1910 


Oct. 10, 1916 


19 


Monthly on 1st 


Monthly on 1st 


Monthly on 1st 


Monthly on 1st 


Monthly on 5th 


20 


Jan. 15- July 15 


Jan. 15- July 15 


Apr. 15-Oct. 15 


May 15-Nov. 15 


Apr. 5-Oct. 5 


21 


$12,227.67 


$32,054.71 


$55,027.21 


$15,458.21 


$18,944.10 


22 


51,570.91 


25,000.00 


55,000.00 


35,738.57 


273.36 


23 


8,464.71 


459,097.62 


349,184.91 


92,825,71 


68,349.94 


24 


35,040.63 


3,802,350.00 


4,239,512.50 


2,108,371.33 


860,078.13 


25 


-- 


-- 


933,132.47 


1,077,545.24 


457,970.52 


26 
27 
28 
29 
30 


— 


— 


75,519.20 


-- 


-- 




29,737.35 


63,440.82 


-- 


34,011.55 


31 
32 
33 


185,387.77 


7,420,876.99 


8,049,638.84 


5,749,597.95 


2,008,510.20 


6,178.79 


-- 


91,557.61 


1,081,567.14 


-- 


34 


-- 


-- 


12,449.50 


-- 


-- 


35 


-- 


48,569.94 


35,887.84 


34,717.48 


-- 


36 


128.55 


-- 


23,472.59 


-- 


-- 


37 


$298,999.03 


$11,817,686.61 


$13,983,823.49 


$10,195,821.63 


$3,448,137.80 


38 


No Trust 


$3,809,424.25 


No Trust 


$978.00 


$35,000.00 


39 


Department 


2,796,876.60 


Department 


1,062.50 


317,847.42 


40 




16,001,534.11 




242,777.60 


418,772.62 


41 




54,320.15 




-- 


-- 


42 




56,243.14 




-- 


-- 


43 




-- 




— 


-- 


44 




286,174.71 




-- 


12,500.00 


45 




379,557.48 




8,554.33 


20,010.69 


46 




1,151,249.98 




208,966.46 


21,177.01 


47 




15,918.60 




-- 


-- 


48 




11,311.90 




516.83 


-- 


49 




$24,562,610.92 




$462,855.72 


$825,307.74 


50 



32 



P.D. 8, Section D. 



LIABILITIES 



CLINTON 



CLINTON 

TRUST 
COMPANY 



COMMERCIAL DEPARTMENT 

Demand deposits of individuals, partnerships and corporations . . . 

Time deposits of individuals, partnerships and corporations 

Deposits of U. S. Government (including Postal Savings) 

Deposits of states, counties, and municipalities 

Deposits of banks 

Due to Savings Department 

Other deposits (certified, officers' checks, etc.) 

Bills payable and other liabilities for borrowed money 

Mortgages or other liens on foreclosed real estate, etc 

Acceptances executed by or for account of this trust company .... 

Income collected not earned 

Accrued for taxes, interest, expenses, etc 

Other liabilities - 

Capital stock Preferred 

Capital stock Common 

Surplus 

Undivided profits 

Preferred stock retirement fund 

Other capital reserves 

Total 

SAVINGS DEPARTMENT 

Savings deposits 

Club deposits 

Income collected not earned 

Accrued for taxes, interest, expenses, etc 

Other liabilities 

Guaranty fund 

Profit and loss, including net current period earnings 

Other capital reserves 

Total 

SAVINGS DEPARTMENT INFORMATION 
AS OF DECEMBER 31, 1958 

Number of real estate loans 

Average real estate loan 

Average rate on real estate loans 

Number of personal security loans 

Average personal security loan 

Average rate on personal security loan 

Average rate on amount invested in securities . . . , 

Average rate on amount invested in securities and loans 

PERIOD, DECEMBER 31, 1957 TO DECEMBER 31, 1958 

Rate of interest paid 

Amount of interest paid 

Amount of deposits 

Amount of withdrawals 

Net increase 

Number of deposits 

Number of withdrawals . 

Number of accounts opened 

Number of accounts closed 

Net increase in number of accounts 

Number of accounts, December 31, 1958 

TRUST DEPARTMENT 

As trustee, executor, administrator, etc , 

Income , 

Earnings no transferred to the Commercial Department , 

Other liabilities 

Total 

As agent, custodian, etc. 

As corporate agent or trustee 



$5,607,436.81 

175,635.39 

1,644,064.16 

84,100.17 

77,248.37 

452,006.22 



59,544.87 

6,935.50 

13,728.87 

300,000.00 

150,000.00 

67,000.00 

92,164.45 



,729,864.81 



$2,870,423.34 
89,283.50 
2,919.47 
27,000.00 
37,577.14 
165,000.00 
53,000.00 
10,211.08 



$3,255,414.53 



346 

$5,102.77 

4.79 

57 

$9,080.88 

4.72 

2.76 

4.24 



2.00 
$50,912.68 
11,272,985.20 
11,277,614.28 
$46,283.60 
17,348 
9,327 
836 
741 
95 
6,395 



$383,224.34 
4,861.48 



$388,085.82 



.1,649.46 



Decrease. 



P.D. 8, Section D. 



33 



DEDHAM 


FALL 


RIVER 


FRAMINGHAM 


GARDNER 




DEDHAM 


B.M.C. DURFEE 


FALL RIVER 


FRAMINGHAM 


GARDNER 




TRUST 


TRUST 


TRUST 


TRUST 


TRUST 




COMPANY 


COMPANY 


COMPANY 


COMPANY 


COMPANY 




$970,153.11 


$12,998,394.78 


$10,870,759.22 


$12,855,194.36 


$4,168,527.01 


1 


60,000.00 


52,000.00 


-- 


136,506.94 


-- 


2 


5,819.47 


333,463.57 


327,912.26 


804,743.07 


190,279.51 


3 


234,000.00 


1,234,548.76 


480,154.90 


2,634,435.37 


772,145.03 


4 


5,249.60 


638,990.00 


682,806.65 


197,107.39 


286,343.24 


5 


8,464.71 


492,425.13 


398.158.48 


115,107.57 


68,349.94 


6 


54,870.09 


720,225.92 


617,621.34 


1,379,788.65 


233,426.77 


7 

8 

9 

10 

11 


9,315.53 


190,234.97 


86,272.68 


382,082.68 


80,426.80 


1,152.01 


67,048.86 


29,928.68 


56,268.13 


58,808.20 


12 


262.70 


44,637.98 


24,934.26 


35,978.19 


-- 


13 

14 
15 


150,000.00 


736,800.00 


700,000.00 


850,000.00 


250,000.00 


90,000.00 


763,200.00 


500,000.00 


700,000.00 


200,000.00 


16 


23,219.50 


72,821.58 


161,410.06 


15,259.06 


33,111.98 


17 
18 
19 


3,100.00 


768,713.79 


245,854.78 


132,771.17 


222,000.00 


$1,615,606.72 


$19,113,505.34 


$15,125,813.31 


$20,295,242.58 


$6,563,418.48 


20 


$279,949.53 


$11,032,373.69 


$13,068,003.60 


$9,224,208.11 


$2,860,499.24 


21 


15,141.50 


9,285.00 


81,910.00 


190,350.25 


56,659.75 


22 


-- 


-- 


2,385.43 


-- 


-- 


23 


2,268.93 


153,687.69 


101,913.99 


40,800.00 


45,305.71 


24 


1,050.69 


134,077.36 


91,754.17 


317,382.00 


30,945.22 


25 


350.00 


302,700.00 


411,600.00 


346,100.00 


200,000.00 


26 


238.38 


185,562.87 


111,068.86 


29,132.76 


61,727.88 


27 


-- 


-- 


115,187.44 


47,848.51 


193,000.00 


28 


$298,999.03 


$11,817,686.61 


$13,983,823.49 


$10,195,821.63 


$3,448,137.80 


29 


20 


1,372 


1,264 


718 


491 


30 


$9,269.38 


$5,408.80 


$6,368.38 


$8,007.79 


$4,090.65 


31 


5.16 


5.09 


4.89 


4.84 


5.28 


32 


20 




6 


315 




33 


$308.93 




$15,259.60 


$3,433.54 




34 


6.00 




4.03 


4.80 




35 


2.50 


2.80 


2.49 


2.52 


2.87 


36 


4.78 


4.32 


3.94 


4.11 


4.30 


37 




3.00 


2.50 


3.00 


2.50 


38 


-- 


$287,240.10 


$292,585.66 


$215,715.56 


$68,230.45 


39 


$394,496.33 


$4,041,190.34 


$5,452,369.48 


$9,981,415.15 


$1,093,869.66 


40 


$114,546.80 


$3,498,359.45 


$4,866,874.11 


$8,346,412.68 


$1,205,037.56 


41 


$279,949.53 


$830,070.99 


$878,081.03 


$1,850,718.03 


$ l 42,937.45 


42 


3,114 


203,610 


52,198 


54,719 


21,750 


43 


888 


20,772 


25,007 


30,908 


8,676 


44 


843 


4,336 


2,238 


3,714 


679 


45 


97 


3,730 


1,780 


1,867 


682 


46 


746 


606 


458 


1,847 


'*3 


47 


746 


24,568 


16,714 


15,281 


5,119 


48 


No Trust 


$24,382,950.78 


No Trust 


$459,242.89 


$808,180.12 


49 


Department 


179,660.14 


Department 


3,612.83 


17,127.62 


50 




-- 




-- 


-- 


51 




-- 




-- 


-- 


52 




$24,562,610.92 




$462,855.72 


$825,307.74 


53 




$5,475,107.68 




$80,230.14 


__ 


54 




-- 




$16,000.00 




55 



34 



P.D. 8, Section D. 



ASSETS 



GLOUCESTER 



GLOUCESTER 

SAFE DEPOSIT 

AND TRUST 

COMPANY 



COMMERCIAL DEPARTMENT 

Incorporated 

Began Business 

Cash, clearing and cash items in the process of collection 

Balances with banks 

U. S. Government obligations, direct and fully guaranteed 

State, county and municipal obligations 

Other bonds, notes and debentures 

Corporate stocks 

Real estate loans 

Collateral loans 

Unsecured loans 

Installment loans 

Overdrafts 

Banking house, owned directly or indirectly, vaults, furniture, and fixtures 

Other real estate owned, etc., directly or indirectly 

Customers' liability on acceptances outstanding 

Prepaid expenses 

Interest accrued but not collected 

Other assets 

Total 



SAVINGS DEPARTMENT 

Began business 

Deposits draw interest from 

Interest is payable 

Cash, checks and cash items 

Balances with banks 

Due from Commercial department 

U. S. Government obligations, direct and fully guaranteed 

Other public funds 

Railroad bonds 

Telephone company bonds 

Gas, electric and water company bonds 

Other bonds . . . ,. 

Bank and fire insurance company stock 

Securities acquired for debt 

Real estate loans 

Other loans 

Real estate owned, etc. 

Income accrued but not collected 

Other assets 

Total 



TRUST DEPARTMENT 

Government, state and municipal bonds 

Other bonds 

Stocks 

Loans on real estate 

Other loans 

Real estate by foreclosure, etc 

Real estate owned 

Deposits subject to check 

Other bank deposits ■ 

Tangible personal property 

Other assets 

Total 



Feb. 20, 1891 

Jan. 18, 1892 

$528,027.94 

582,426.57 

1,419,850.43 



1,230.00 
261,054.62 
449,094.70 
826,071.06 
313,925.56 
229.66 
50,680.45 



1,770.08 



$4,434,361.07 



Jan. 5, 1909 

Monthly on 1st 

Apr. 1-Oct. 1 

$10,292.48 

10,000.00 

26,708.71 

849,826.05 

267,000.00 



22,645.00 



1,657,522.54 



5,351.39 

3,592.76 

509.98 



$2,853,449.51 



$64,888.26 

214,378.55 

577,303.00 

64,731.69 



40,599.68 

79,628.59 

132,315.62 

102.00 



$1,173,947.39 



P.D. 8, Section D. 



35 



GREENFIELD 


HARWICH 


HOLYOKE 


HYANNIS 


LAWRENCE 




FRANKLIN 


CAPE COD 


HADLEY FALLS 


HYANNIS 


ARLINGTON 




COUNTY TRUST 


TRUST 


TRUST 


TRUST 


TRUST 




COMPANY 


COMPANY 


COMPANY 


COMPANY 


COMPANY 




Mar. 30, 1912 


July 26, 1920 


Nov. 6, 1916 


May 24, 1916 


Oct. 13, 1910 




July 1, 1912 


Aug. 2, 1920 


Jan. 2, 1917 


July 1, 1916 


Oct. 17, 1910 




$500,116.39 


$274,204.61 


$3,705,295.56 


$724,419.55 


$1,695,513.78 


1 


2,279,260.45 


322,790.54 


4,232,385.82 


1,011,176.60 


3,052,449.02 


2 


2,823,674.54 


2,008,250.00 


3,318,049.56 


3,178,989.00 


7,407,988.55 


3 


60,000.00 


179,000.00 


2,335,018.49 


273,160.79 


71,426.98 


4 


100,361.25 


48,950.00 


3,199,518.23 


166,700.00 


-- 


5 


30,000.00 


28,122.58 


60,002.00 


-- 


-- 


6 


356,197.30 


-- 


193,492.16 


195,868.56 


340,908.03 


7 


1,167,570.93 


408,135.09 


4,761,891.30 


537,655.04 


3,866,869.89 


8 


756,709.74 


2,365,720.87 


5,046,045.39 


1,423,257.82 


3,723,103.03 


9 


1,251,335.55 


226,835.20 


793,430.56 


561,042.43 


6,295,051.79 


10 


304.71 


638.66 


455.70 


532.57 


9,452.30 


11 


265,521.64 


87,923,54 


880,684.42 


103,250.00 


441,623.96 


12 


2,400.60 


-- 


-- 


-- 


-- 


13 


-- 


-- 


7,749.75 


-- 


-- 


14 


4,634.50 


— 


22,677.64 


-- 


10,151.23 


15 


35.00 


-- 


-- 


247.93 


1,018.68 


16 


125.50 


557.30 


28,561.50 


-- 


2,749.45 


17 


$9,598,248.10 


$5,951,128.39 


$28,585,258.08 


$8,176,300.29 


$26,918,306.69 


18 


July 1, 1912 


Aug. 2, 1920 


Jan. 2, 1918 


July 1, 1916 


Jan. 1, 1914 


19 


Monthly on 1st 


Monthly on 1st 


Monthly on 1st 


Monthly on 1st 


Monthly on 1st 


20 


Mar. 1-Sept. 1 


June 1-Dec. 1 


Quarterly on 15th * 


Jan. 10- July 10 


Jan. 1-July 1 


21 


$3,321.36 


$1,595.45 


$29,423.19 


$13,010.82 


$108,519.91 


22 


80,736.12 


5,503.60 


125,431.85 


55,622.31 


55,458.74 


23 




4,390.09 


140,578.91 


145,000.00 


176,343.64 


24 


2,030,649.33 


129,196.88 


267,032.28 


459,000.00 


3,798,542.39 


25 


246,500.00 


261,508.41 


4,267,276.15 


245,127.93 


2,594,018.88 


26 


-- 


-- 


97,596.34 


3,564.80 


-- 


27 


-- 


— 


39,499.95 


-- 


-- 


28 


-- 


3,000.00 


-- 


-- 


-- 


29 
30 
31 
32 
33 


-- 


-- 


-- 


23,850.00 


-- 


3,556,159.62 


867,827.02 


5,068,049.32 


1,907,862.64 


7,141,066.16 


123,296.40 


195,224.26 


-- 


456,670.81 


28,700.00 


34 
35 
36 


43.75 


__ 


__ 


345.77 


3,351.79 


829.60 


-- 


1,007.35 


11.54 


-- 


37 


$6,041,536.18 


$1,468,245.71 


$10,035,895.34 


$3,310,066.62 


$13,906,001.51 


38 


$715,181.17 




$2,079,071.23 


$65,695.50 




39 


997,743.78 


-- 


1,032,962.60 


5,165.59 


-- 


40 


4,141,845.49 


$131,625.69 


5,535,887.34 


299,332.31 


— 


41 


90,569.44 


-- 


87,909.61 


14,035.80 


$3,175.00 


42 


24,587.86- 


-- 


14,521.99 


-- 


— 


43 
44 
45 


25,452.00 


34,500.00 


139,663.34 


187,618.75 


-- 


148,550.75 


670.51 


226,354.99 


103,908.52 


743.88 


46 


697,040.56 


23,918.37 


729,359.87 


58,076.41 


42,139.81 


47 


10,568.88 


• 1,765.50 


-- 


7,135.25 


-- 


48 


34,951.06 


393.11 


82,689.58 


-- 


23.00 


49 


$6,886,490.99 


$192,873.18 


$9,928,420.55 


$740,968.13 


$46,081.69 


50 



Jan.-Apr.-July-Oct. 



36 



P.D. 8, Section D. 



LIABILITIES 



GLOUCESTER 



GLOUCESTER 

SAFE DEPOSIT 

AND TRUST 

COMPANY 



COMMERCIAL DEPARTMENT 

Demand deposits of individuals, partnerships and corporations . . . 

Time deposits of individuals, partnerships and corporations 

Deposits of U. S. Government (including Postal Savings) 

Deposits of states, counties, and municipalities 

Deposits of banks 

Due to Savings Department 

Other deposits (certified, officers' checks, etc.) 

Bills payable and other liabilities for borrowed money 

Mortgages or other liens on foreclosed real estate, etc 

Acceptances executed by or for account of this trust company .... 

Income collected not earned 

Accrued for taxes, interest, expenses, etc 

Other liabilities - 

Capital stock Preferred 

Capital stock Common 

Surplus 

Undivided profits 

Preferred stock retirement fund 

Other capital reserves 

Total 

SAVINGS DEPARTMENT 

Savings deposits 

Club deposits 

Income collected not earned 

Accrued for taxes, interest, expenses, etc 

Other liabilities 

Guaranty fund 

Profit and loss, including net current period earnings 

Other capital reserves 

Total 

SAVINGS DEPARTMENT INFORMATION 
AS OF DECEMBER 31, 1958 

Number of real estate loans 

Average real estate loan 

Average rate on real estate loans 

Number of personal security loans 

Average personal security loan 

Average rate on personal security loan 

Average rate on amount invested in securities 

Average rate on amount invested in securities and loans 

PERIOD, DECEMBER 31, 1957 TO DECEMBER 31, 1958 

Rate of interest paid 

Amount of interest paid 

Amount of deposits 

Amount of withdrawals 

Net increase 

Number of deposits 

Number of withdrawals 

Number of accounts opened 

Number of accounts closed 

Net increase in number of accounts 

Number of accounts, December 31, 1958 

TRUST DEPARTMENT 

As trustee, executor, administrator, etc 

Income , 

Earnings no transferred to the Commercial Department 

Other liabilities 

Total 

As agent, custodian, etc. 

As corporate agent or trustee , 



$3,127,250.85 

139,500.00 

241,332.76 

183,962.84 

21,678.49 

26,708.71 

17,198.23 



40,000.00 
14,307.88 

200,000.00 
150,000.00 
176,867.76 

95,553.55 



1,434,361.07 



$2,615,657.58 
21,005.50 

12,500.00 

29,786.43 

140,000.00 

30,000.00 

4,500.00 



$2,853,449.51 



346 
$4,790.52 
5.09 



2.58 
4.07 



2.00 
$47,717.60 
$1,099,482.05 
$1,119,061.37 
$28,138.28 
15,057 
5,840 
1,099 
612 
487 
4,171 



$1,168,118.83 
5,828.56 



$1,173,947.39 



$1,487,168.65 



Decrease. 



P.D. 8, Section D. 



37 



GREENFIELD 


HARWICH 


HOLYOKE 


HYANNIS 


LAWRENCE 




FRANKLIN 


CAPE COD 


HADLEY FALLS 


HYANNIS 


ARLINGTON 




COUNTY TRUST 


TRUST 


TRUST 


TRUST 


TRUST 




COMPANY 


COMPANY 


COMPANY 


COMPANY 


COMPANY 




$6,347,592.50 


$3,932,975.15 


$20,096,568.81 


$5,051,313.84 


$16,558,955.68 


1 


-- 


50,000.00 


20,000.00 


30,000.00 


410,879.38 


2 


120,450.24 


5,039.97 


1,434,489.62 


299,184.76 


804,684.40 


3 


1,290,688.63 


1,030,400.32 


1,655,065.16 


755,154.75 


2,358,476.27 


4 


344,275.93 


191,639.13 


1,114,335.31 


408,863.29 


1,276,400.36 


5 


-- 


6,807.34 


180,421.12 


145,000.00 


176,343.64 


6 


386,886.05 


38,616.65 


1,707,124.72 


300,039.01 


1,994,164.23 


7 


-- 


300,000.00 


-- 


-- 


-- 


8 

9 

10 


__ 


__ 


7,749.75 


__ 


__ 


36,559.82 


44,973.82 


51 355.63 


57,300.00 


503,679.78 


11 


52,000.00 


21,000.00 


-- 


60,200.00 


198,684.21 


12 


4,802.02 


-- 


24,111.06 


32,878.27 


52,164.28 


13 

14 
15 


400,000.00 


125,000.00 


1,000,000.00 


300,000.00 


500,000.00 


200,000.00 


125,000.00 


500,000.00 


300,000.00 


1,200,000.00 


16 


284,086.81 


44,312.98 


103,172.32 


274,943.02 


154,169.51 


17 
18 
19 


130,906.10 


35,363.03 


690,864.58 


161,423.35 


729,704.95 


$9,598,248.10 


$5,951,128.39 


$28,585,258.08 


$8,176,300.29 


$26,918,306.69 


20 


$5,222,224.03 


$1,298,882.33 


$9,080,337.05 


$2,953,313.81 


$12,302,569.31 


21 


7,615.00 


3,992.50 


75,173.00 


12,186.00 


295,270.50 


22 


-- 


3,842.60 


-- 


18,850.00 


14,335.22 


23 


86,600.00 


9,400.00 


-- 


26,867.89 


-- 


24 


45,067.57 


7,717.49 


161,987.11 


28,612.52 


101,907.51 


25 


400,000.00 


72,000.00 


500,000.00 


195,000.00 


602,000.00 


26 


234,029.58 


67,910.79 


66,002.28 


25,236.40 


319,834.69 


27 


46,000.00 


4,500.00 


152,395.90 


50,000.00 


270,084.28 


28 


$6,041,536.18 


$1,468,245.71 


$10,035,895.34 


$3,310,066.62 


$13,906,001.51 


29 


.751 


196 


407 


355 


854 


30 


$4,735.23 


$4,427.68 


$12,421.68 


$5,374.26 


$8,361.90 


31 


4.64 


5.47 


4.74 


5.18 


4.63 


32 


31 


26 




190 


4 


33 


$3,977.30 


$7,508.62 




$2,403.53 


$7,175.00 


34 


4.21 


4.29 




4.41 


3.81 


35 


2.65 


2.51 


2.69 


3.17 


2.56 


36 


3.88 


4.51 


3.73 


4.59 


3.65 


37 


2.25 


2.50 


3.00 


2.00 


2.75 


38 


$113,955.85 


$27,604.98 


$232,526.70 


$52,906.54 


$295,495.56 


39 


$1,065,399.03 


$827,699.70 


$4,749,562.81 


$1,253,654.50 


$5,521,414.76 


40 


$1,270,542.04 


$767,379.59 


$3,126,779.00 


$1,267,135.58 


$4,733,772.43 


41 


$ '-191,187.16 


$87,925.09 


$1,855,310.51 


$39,425.46 


$1,083,137.89 


42 


6,209 


5,447 


35,899 


11,749 


59,322 


43 


5,111 


3,551 


25,153 


7,593 


29,490 


44 


346 


443 


2,952 


729 


4,035 


45 


511 


366 


3,582 


803 


2,725 


46 


!i65 


77 


!630 


l 74 


1,310 


47 


5,188 


2,315 


12,657 


4,875 


16,692 


48 


$6,816,448.00 


$192,475.96 


$9,841,968.39 


$715,336.23 


$45,337.81 


49 


69,380.22 


397.22 


86,452.16 


13,131.90 


743.88 


50 
51 
52 


662.77 


-- 


-- 


12,500.00 


-- 


$6,886,490.99 


$192,873.18 


$9,928,420.55 


$740,968.13 


$40,081.69 


53 


$1,786,163.11 


__ 


$2,763,762.17 


$51,571.00 


__ 


54 


$100.00 




$669.00 






55 



38 



P.D. 8, Section D. 



ASSETS 



LEXINGTON- 



LEXINGTON 

TRUST 

COMPANY 



COMMERCIAL DEPARTMENT 

Incorporated 

Began Business 

Cash, clearing and cash items in the process of collection 

Balances with banks 

U. S. Government obligations, direct and fully guaranteed 

State, county and municipal obligations 

Other bonds, notes and debentures 

Corporate stocks 

Real estate loans 

Collateral loans 

Unsecured loans 

Installment loans 

Overdrafts 

Banking house, owned directly or indirectly, vaults, furniture, and fixtures 

Other real estate owned, etc., directly or indirectly 

Customers' liability on acceptances outstanding 

Prepaid expenses ....'. 

Interest accrued but not collected 

Other assets 

Total 



SAVINGS DEPARTMENT 

Began business 

Deposits draw interest from 

Interest is payable 

Cash, checks and cash items 

Balances with banks 

Due from Commercial department 

U. S. Government obligations, direct and fully guaranteed 

Other public funds 

Railroad bonds 

Telephone company bonds 

Gas, electric and water company bonds 

Other bonds . . . ., 

Bank and fire insurance company stock 

Securities acquired for debt 

Real estate loans 

Other loans 

Real estate owned, etc. 

Income accrued but not collected 

Other assets 

Total 



TRUST DEPARTMENT 

Government, state and municipal bonds 

Other bonds 

Stocks 

Loans on real estate 

Other loans 

Real estate by foreclosure, etc 

Real estate owned 

Deposits subject to check 

Other bank deposits 

Tangible personal property 

Other assets 

Total 



Jan. 8, 1914 
Apr. 21, 1914 
$362,804.27 
1,413,093.72 
5,088,243.26 
311,914.82 

15,060.00 

449,577.20 

2,247,483.44 

1,060,639.43 

388.33 

335,488.56 



9,798.59 
27,259.04 



$11,321,750.66 



Apr. 21, 1914 

Monthly on 1st 

June 30-Dec. 31 

$102,200.60 

13,078.19 

895,689.46 

193,828.89 



5,000.00 

1,060,095.56 
75,170.23 

7,191.82 



$2,352,254.75 



$3,000.00 

6,504.14 
2,500.00 



370.72 



$12,374.86 



P.D. 8, Section D. 



39 



LYNN 


MALDEN 


MANCHESTER 




ESSEX 


LYNN SAFE 


SECURITY 


MALDEN 


MANCHESTER 




TRUST 


DEPOSIT AND 


TRUST 


TRUST 


TRUST 




COMPANY 


TRUST 
COMPANY 


COMPANY 


COMPANY 


COMPANY 




July 18, 1904 


Apr. 20, 1887 


Apr. 26, 1890 


June 3, 1896 


Apr. 12, 1911 




Aug. 19, 1904 


Dec. 1, 1888 


Jan. 15, 1891 


Dec. 1, 1896 


May 1, 1911 




$1,597,364.87 


$577,069.38 


$1,973,776.53 


$675,157.79 


$51,548.49 


1 


3,959,802.88 


678,131.60 


2,521,935.08 


5,897,004.29 


170,493.68 


2 


8,323,988.73 


902,903.76 


4,014,268.76 


4,992,286.15 


223,700.00 


3 


2,572,849.43 


141,012.60 


95,618.59 


11,016.04 


-- 


4 


51,052.45 


93,775.00 


1,214,412.50 


13,043.91 


23,937.50 


5 


-- 


83,122.02 


47,750.00 


27,385.25 


-- 


6 


1,399,515.89 


30,482.00 


40,695.36 


80,256.75 


3,275.00 


7 


1,933,224.40 


367,421.13 


1,420,840.99 


3,654,660.36 


91,170.76 


8 


6,276,301.09 


2,748,434.28 


4,966,059.89 


6,970,406.27 


810,435.78 


9 


5,961,789.64 


470,296.70 


925,965.20 


2,13Z,812.22 


77,365.49 


10 


2,089.03 


-- 


185.09 


38,981.95 


-- 


11 


382,311.09 


-- 


359.270.07 


261,846.77 


8,864.64 


12 


4,288.70 


-- 


-- 


-- 


-- 


13 
14 
15 


2,307.21 


__ 


27,572.96 


39,182.98 


__ 


7,483.22 


485.14 


37,870.03 


43,921.46 


-- 


16 


9,850.08 


2,851.23 


40.00 


141,627.86 


4,909.56 


17 


$32,484,218.71 


$6,095,174.84 


$17,646,261.05 


$24,979,590.05 


$1,465,700.90 


18 


Dec. 1, 1933 


Jan. 2, 1934 


June 1, 1917 


Sept. 23, 1923 


Jan. 6, 1921 


19 


Monthly on 1st 


Monthly on 1st 


Monthly on 1st 


Monthly on 1st 


Monthly-Last day 


20 


Apr. 15-Oct. 15 


Apr. 1-Oct. 1 


Apr. 15-Oct. 15 


Jan. 15-July 15 


Apr. 15-Oct. 15 


21 


$35,095.40 




$73,012.21 


$6,351.26 


-- 


22 


40,715.04 


$57,894.75 


71,973.23 


131,838.94 


$1,868.27 


23 


44,900.23 


21,571.65 


83,845.09 


75,619.37 


4,466.44 


24 


6,578,186.60 


578,539.06 


3,873,078.13 


1,251,160.48 


425,730.01 


25 


123,158.30 


160,800.50 


996,047.13 


66,416.80 


-- 


26 


24,500.00 


45,306.00 


-- 


25,000.00 


-- 


27 


131,193.30 


19,500.00 


-- 


— 


-- 


28 


304,078.36 


10,204.00 


-- 


-- 


— 


29 


-- 


-- 


50,000.00 


-- 


-- 


30 


224,424.47 


14,657.56 


-- 


114,499.97 


-- 


31 
32 
33 


2,322,261.20 


314,531.28 


4,080,129.99 


1,567,104.18 


316,328.01 


45,600.00 


-- 


60,880.00 


96,547.54 


-- 


34 
35 
36 


22,039.44 


45.32 


55,245.06 


22,028.43 


__ 


-- 


-- 


18,845.72 


-- 


-- 


37 


$9,896,152.34 


$1,223,050.12 


$9,363,056.56 


$3,356,566.97 


$748,392.73 


38 


$611,867.62 


$839,049.22 


$236,357.90 


$834,760.17 


No Trust 


39 


725,456.15 


92,785.85 


10,160.00 


1,025,546.66 


Department 


40 


2,266,076.85 


2,257,863.92 


608,681.47 


7,433,599.83 




41 


— 


32,907.50 


9,323.42 


54,120.00 




42 


55,000.00 


-- 


-- 


177,000.00 




43 


-- 


-- 


-- 


-- 




44 


404,500.00 


180,749.50 


33,000.00 


98,997.72 




45 


240,041.62 


189,174.78 


22,999.54 


618,590.26 




46 


437,291.54 


540,544.41 


71,616.39 


1,051,678.56 




47 


-- 


-- 


-- 


21,787.65 




48 


12,195.50 


5,144.25 


12.00 


375,137.48 




49 


$4,752,429.28 


$4,138,219.43 


$992,150.72 


$11,691,218.33 




50 



40 



P.D. 8, Section D. 



LIABILITIES 



LEXINGTON 



LEXINGTON 

TRUST 

COMPANY 



COMMERCIAL DEPARTMENT 

Demand deposits of individuals, partnerships and corporations . . . 

Time deposits of individuals, partnerships and corporations 

Deposits of U. S. Government (including Postal Savings) 

Deposits of states, counties, and municipalities 

Deposits of banks 

Due to Savings Department 

Other deposits (certified, officers' checks, etc.) 

Bills payable and other liabilities for borrowed money 

Mortgages or other liens on foreclosed real estate, etc 

Acceptances executed by or for account of this trust company .... 

Income collected not earned 

Accrued for taxes, interest, expenses, etc 

Other liabilities - 

Capital stock Preferred 

Capital stock Common 

Surplus 

Undivided profits 

Preferred stock retirement fund 

Other capital reserves 

Total 

SAVINGS DEPARTMENT 

Savings deposits 

Club deposits 

Income collected not earned 

Accrued for taxes, interest, expenses, etc 

Other liabilities 

Guaranty fund 

Profit and loss, including net current period earnings 

Other capital reserves 

Total 

SAVINGS DEPARTMENT INFORMATION 
AS OF DECEMBER 31, 1958 

Number of real estate loans 

Average real estate loan 

Average rate on real estate loans 

Number of personal security loans 

Average personal security loan 

Average rate on personal security loan 

Average rate on amount invested in securities . . . , 

Average rate on amount invested in securities and loans 

PERIOD, DECEMBER 31, 1957 TO DECEMBER 31, 1958 

Rate of interest paid 

Amount of interest paid 

Amount of deposits 

Amount of withdrawals 

Net increase 

Number of deposits 

Number of withdrawals 

Number of accounts opened 

Number of accounts closed 

Net increase in number of accounts 

Number of accounts, December 31, 1958 

TRUST DEPARTMENT 

As trustee, executor, administrator, etc 

Income , 

Earnings no transferred to the Commercial Department 

Other liabilities , 

Total , 

As agent, custodian, etc. , 

As corporate agent or trustee 



$7,298,350.12 

315,360.48 

2,264,145.83 

336,572.33 

13,078.19 

138,114.54 



86,998.44 
58,110.83 
22,609.71 

250,000.00 
250,000.00 
185,392.14 

103,018.05 



$11,321,750.66 



$2,141,763.86 

38,123.50 

737.64 

13,975.97 

120,000.00 
27,653.78 
10,000.00 



$2,352,254.75 



158 
$6,709.46 
4.64 
4 
$18,792.55 
5.17 
3.08 
3.89 



2.00 
$34,454.33 
!1, 617, 645. 16 
11,502,014.59 
$150,084.90 
12,648 
8,096 
981 
894 
87 
4,892 



512,169.31 
205.55 



$12,374.86 



1 Decrease. 



P.D. 8, Section D. 



41 



LYNN 


MALDEN 


MANCHESTER 




ESSEX 


LYNN SAFE 


SECURITY 


MALDEN 


MANCHESTER 




TRUST 


DEPOSIT AND 


TRUST 


TRUST 


TRUST 




COMPANY 


TRUST 

COMPANY 


COMPANY 


COMPANY 


COMPANY 




$23,488,092.60 


$4,270,977.08 


$12,123,462.69 


$19,524,081.72 


$1,094,348.76 


1 


69,000.00 


225,360.92 


130,000.00 


44,181.95 


-- 


2 


1,091,346.63 
834,742.34 


88,135.22 


603,841.92 


488,612.82 


21,603.40 


3 


143,306.77 


1,645,717.53 


493,701.83 


102,329.47 


4 


1,368,896.80 


174,098.42 


741,910.53 


190,533.55 




5 


125,910.83 


21,571.65 


84,038.19 


85,284.34 


4,466.44 


6 


1,435,039.16 


30,879.64 


741,420.63 


1,618,358.45 


11,355.20 


7 
8 


665,753.10 


39,216.72 


116,533.16 


183,524.20 


-- 


9 
10 

11 


202,379.33 


54.75 


154,902.60 


132,386.26 


8,212.94 


12 


184,377.54 


302.97 


2,553.31 


156,518.94 


95.36 


13 


-- 


-- 


-- 


-- 


-- 


14 


825,000.00 


200,000.00 


500,000.00 


600,000.00 


100,000.00 


15 


1,200,000.00 


400,000.00 


500,000.00 


800,000 00 


50,000.00 


16 


519,394.54 


423,574.47 


201,499.14 


153,884.97 


64,788.56 


17 
18 
19 


474,285.84 


77,696.23 


100,381.35 


508,521.02 


8,500.77 


$32,484,218.71 


$6,095,174.84 


$17,646,261.05 


$24,979,590.05 


$1,465,700.90 


20 


$9,109,437.39 


$1,020,620.25 


$8,120,141.92 


$2,942,580.76 


$642,022.53 


21 


49,697.25 


-- 


149,178.50 


80,221.75 


8,673.50 


22 


-- 


-- 


535.55 


72.02 


-- 


23 


93,553.68 


-- 


93,834.70 


15,375.45 


-- 


24 


8,097.17 


-- 


66,001.23 


15,349.42 


4,356.86 


25 


176,815.95 


66,500.00 


525,000.00 


200,000.00 


50,000.00 


26 


394,243.40 


132,929.87 


362,789.20 


67,752.29 


43,389.84 


27 


64,307.50 


3,000.00 


45,575.46 


35,215.28 


-- 


28 


$9,896,152.34 


$1,223,050.12 


$9,363,056.56 


$3,356,566.97 


$748,392.73 


29 


410 


47 


525 


282 


114 


30 


$5,664.05 


$6,692.15 


$7,771.67 


$5,557.10 


$2,774.80 


31 


4.45 


4.83 


4.54 


4.61 


4.97 


32 


1 




4 


32 




33 


$45,600.00 




$15,220.00 


$3,017.11 




34 


4.50 




4.05 


4.18 




35 


3.25 


2.88 


2.70 


3.23 


2.81 


36 


3.48 


3.39 


3.53 


3.95 


3.79 


37 


2.00 


2.00 


2.00 


1.00 


2.00 


38 


$158,749.80 


$19,076.78 


$148,141.19 


$27,038.80 


$11,844.37 


39 


$5,616,088.30 


$408,079.40 


$3,910,958.33 


$1,340,870.46 


$373,563.38 


40 


$5,570,494.76 


$408,497.09 


$3,993,955.81 


$1,609,360.19 


$406,384.63 


41 


$204,343.34 


$18,659.09 


$65,143.71 


$ 1 241,350.93 


$120,976.88 


42 


58,039 


2,759 


42,295 


11,385 


4,304 


43 


39,276 


1,500 


28,448 


7,754 


2,593 


44 


3,549 


160 


1,415 


529 


220 


45 


3,266 


172 


1,737 


958 


217 


46 


283 


112 


1 322 


1 429 


3 


47 


17,914 


1,030 


14,672 


5,628 


1,741 


48 


$4,684,204.26 


$4,016,447.20 


$978,460.05 


$11,510,267.88 


No Trust 


49 


68,225.02 


121,772.23 


13,690.67 


158,698.20 


Department 


50 


-- 


-- 


-- 


-- 




51 


-- 


-- 


-- 


22,252.25 




52 


$4,752,429.28 


$4,138,219.43 


$992,150.72 


$11,691,218.33 




53 


$553,778.07 


__ 


-_ 


$2,952,344.98 




54 












55 



42 



P.D. 8, Section D. 



ASSETS 



MEDFORD 



DEPOSITORS 

TRUST 

COMPANY 



COMMERCIAL DEPARTMENT 

Incorporated 

Began Business 

Cash', clearing and cash items in the process of collection 

Balances with banks 

U. S. Government obligations, direct and fully guaranteed 

State, county and municipal obligations 

Other bonds, notes and debentures 

Corporate stocks 

Real estate loans 

Collateral loans 

Unsecured loans 

Installment loans 

Overdrafts 

Banking house, owned directly or indirectly, vaults, furniture, and fixtures 

Other real estate owned, etc., directly or indirectly 

Customers' liability on acceptances outstanding 

Prepaid expenses 

Interest accrued but not collected 

Other assets 

Total 



SAVINGS DEPARTMENT 

Began business 

Deposits draw interest from 

Interest is payable 

Cash, checks and cash items 

Balances with banks . . 

Due from Commercial department 

U. S. Government obligations, direct and fully guaranteed 

Other public funds 

Railroad bonds 

Telephone company bonds 

Gas, electric and water company bonds 

Other bonds 

Bank and fire insurance company stock 

Securities acquired for debt 

Real estate loans 

Other loans 

Real estate owned, etc. 

Income accrued but not collected 

Other assets 

Total 



TRUST DEPARTMENT 

Government, state and municipal bonds 

Other bonds 

Stocks 

Loans on real estate 

Other loans 

Real estate by foreclosure, etc 

Real estate owned 

Deposits subject to check 

Other bank deposits 

Tangible personal property 

Other assets 

Total 



Oct. 20, 1953 

Feb. 16, 1954 

$235,386.62 

543,212.60 

571,677.25 



169,155.28 
493,389.70 
572,321.09 
396,747.42 
73.99 
169,476.46 



30,235.97 



$3,181,676.38 



Feb. 16, 1954 

Monthly on 1st 

Jan. 15-July 15 

$61,119.46 

20,767.99 

198,735.78 



523,727.69 



$804,350.92 



No Trust 
Department 



P.D. 8, Section D. 



43 



MELROSE 


M'DDLEBOROUGH 


NATICK 


NORTH ADAMS 


NORWOOD 




MELROSE 


MIDDLEBOROUGH 


NATICK 


NORTH ADAMS 


NORWOOD 




TRUST 


TRUST 


TRUST 


TRUST 


BANK AND 




COMPANY 


COMPANY 


COMPANY 


COMPANY 


TRUST 
COMPANY 




Jan. 19, 1916 


May 18, 1916 


Aug. 20, 1916 


Oct. 20, 1904 


June 10, 1955 




Jan. 24, 1916 


July 1, 1916 


Sept. 5, 1916 


Nov. 22, 1904 


Dec. 1, 1955 




$210,564.87 


$234,321.09 


$323,681.80 


$219,327.19 


$81,477.71 


1 


1,277,261.50 


433,372.74 


9,960,637.89 


1,213,270.94 


444,234.57 


2 


2,046,997.25 


2,666,281.92 


3,561,304.25 


2,405,349.69 


656,034.65 


3 


623,555.11 


836,601.38 


160,000.00 


21,115.00 


-- 


4 


-- 


97,411.96 


-- 


1.00 


1.00 


5 


-- 


-- 


27,699.86 


-- 


-- 


6 


900.00 


9,542.95 


2,787.19 


5,016.86 


-- 


7 


1,960,742.96 


231,456.48 


941,860.84 


1,025,558.23 


241,233.79 


8 


1,377,491.29 


552,540.60 


475,446.13 


988,158.93 


97,650.00 


9 


614,876.15 


333,070.62 


2,018,764.06 


361,023.28 


569,485.44 


10 


8,162.68 


631.16 


1,724.10 


418.28 


520.85 


11 


169,709.26 


18,000.00 


92,923.90 


79,059.23 


181,887.36 


12 
13 


6,624.48 


-- 


2,657.82 


:: 


18,736.90 


14 
15 


18,273.55 


-- 


-- 


11,367.71 


2,188.94 


16 


2,482.79 


5,065.92 


-- 


-- 


-- 


17 


$8,267,641.89 


$5,418,296.82 


$9,569,487.84 


$6,329,666.34 


$2,293,451.21 


18 


Jan. 24, 1916 


July 1, 1916 


Sept. 5, 1916 


May 18, 1925 


Dec. 1, 1955 


19 


Monthly on 1st 


Monthly on 1st 


Monthly on 1st 


Monthly on 1st 


Monthly on 1st 


20 


Jan. 15- July 15 


Jan. 10-July 10 


Mar. 10-Sept. 10 


Feb. 1-Aug. 1 


Jan. 15-July 15 


21 


$7,869.46 


$21,897.63 


$20,123.82 


$6,925.73 


-- 


22 


30,166.49 


40,513.28 


226,475.25 


25,747.88 


$36,439.55 


23 


23,213.69 


51,358.63 


93,719.65 


39,357.47 


20,850.43 


24 


952,145.86 


1,778,304.69 


1,252,043.25 


707,362.50 


807,729.63 


25 


-- 


326,706.24 


565,289.75 


-- 


307,973.74 


26 


-- 


-- 


-- 


-- 


4,781.25 


27 


-- 


25,000.00 


-- 


-- 


8,848.88 


28 
29 
30 


__ 


__ 


__ 


-_ 


10,244.80 


-- 


-- 


33,473.37 


20,330.03 


13,990.31 


31 
32 
33 


814,829.45 


1,856,548.10 


1,241,146.92 


1,744,168.71 


1,317,851.79 


111,660.00 


115,758.70 


30,000.00 


104,643.80 


-- 


34 


-- 


4,600.00 


-- 


-- 


-- 


35 


8,514.30 


-- 


-- 


-- 


5,043.54 


36 


-- 


43.40 


-- 


-- 


-- 


37 


$1,948,399.25 


$4,220,730.67 


$3,462,272.01 


$2,648,536.12 


$2,533,753.92 


38 


No Trust 


$54,360.00 


No Trust 


$207,133.82 


No Trust 


39 


Department 


84,936.55 


Department 


296,517.05 


Department 


40 




392,059.90 




1,910,903.09 




41 




325.00 




17,700.00 




42 




-- 




35,490.00 




43 




-- 




-- 




44 




9,900.00 




-- 




45 




8,649.89 




79,018.24 




46 




32,272.54 




77,623.89 




47 




5.00 




2,127.00 




48 




'-- 




1,365.52 




49 




$582,508.88 




$2,627,878.61 




50 



44 



P.D. 8, Section D. 



LIABILITIES 



MED FORD 



DEPOSITORS 

TRUST 

COMPANY 



COMMERCIAL DEPARTMENT 

Demand deposits of individuals, partnerships and corporations . . . 

Time deposits of individuals, partnerships and corporations 

Deposits of U. S. Government (including Postal Savings) 

Deposits of states, counties, and municipalities 

Deposits of banks 

Due to Savings Department 

Other deposits (certified, officers' checks, etc.) 

Bills payable and other liabilities for borrowed money 

Mortgages or other liens on foreclosed real estate, etc 

Acceptances executed by or for account of this trust company .... 

Income collected not earned 

Accrued for taxes, interest, expenses, etc 

Other liabilities * 

Capital stock Preferred 

Capital stock Common 

Surplus 

Undivided profits 

Preferred stock retirement fund 

Other capital reserves 

Total 

SAVINGS DEPARTMENT 

Savings deposits 

Club deposits 

Income collected not earned 

Accrued for taxes, interest, expenses, etc 

Other liabilities 

Guaranty fund 

Profit and loss, including net current period earnings 

Other capital reserves 

Total 

SAVINGS DEPARTMENT INFORMATION 
AS OF DECEMBER 31, 1958 

Number of real estate loans 

Average real estate loan 

Average rate on real estate loans 

Number of personal security loans 

Average personal security loan 

Average rate on personal security loan 

Average rate on amount invested in securities 

Average rate on amount invested in securities and loans 

PERIOD, DECEMBER 31, 1957 TO DECEMBER 31, 1958 

Rate of interest paid 

Amount of interest paid 

Amount of deposits 

Amount of withdrawals 

Net increase 

Number of deposits 

Number of withdrawals 

Number of accounts opened 

Number of accounts closed 

Net increase in number of accounts 

Number of accounts, December 31, 1958 

TRUST DEPARTMENT 

As trustee, executor, administrator, etc , 

Income 

Earnings no transferred to the Commercial Department , 

Other liabilities 

Total 

As agent, custodian, etc. 

As corporate agent or trustee 



$1,778,119.42 

93,237.81 
317,176.04 
359,020.93 

25,842.99 
158,175.34 



31,291.52 

800.00 

2,411.20 

280,000.00 

100,000.00 

21,001.13 

14,600.00 



$3,181,676.38 



$755,431.26 
15,628.00 

6,953.97 

5,420.92 

5,003.25 

15,913.52 



$804,350.92 



56 
,352.28 
5.19 



2.72 
4.52 



2.00 
$9,670.88 
$617,038.26 
$424,268.63 
$202,440.51 
4,687 
2,572 
449 
229 
220 
1,416 



No Trust 
Department 



1 Decrease. 



P.D. 8, Section D. 



45 



MELROSE 


M1DDLEBOROUGH 


NATICK 


NORTH ADAMS 


NORWOOD 




MELROSE 


MIDDLEBO ROUGH 


NATICK 


NORTH ADAMS 


NORWOOD 




TRUST 


TRUST 


TRUST 


TRUST 


BANK AND 




COMPANY 


COMPANY 


COMPANY 


COMPANY 


TRUST 
COMPANY 




$6,046,587.12 


$3,244,749.70 


$6,360,150.83 


$4,302,907.38 


$1,321,923.98 


1 


156,473.44 


133,337.62 


168,186.33 


275,698.70 


27,421.02 


2 
3 


352,338.77 


1,238,031.24 


895,104.81 


335,498.03 


170,000.00 


4 


272,315.11 


362,478.60 


932,267.48 


325,927.98 


60,000.00 


5 


27,835.85 


51,358.63 


98,958.12 


39,551.42* 


20,850.43 


6 


665,825.16 


6,414.02 


109,978.62 


234,923.55 


35,084.93 


7 
8 


76,687.96 


-- 


181,587.74 


-- 


52,002.35 


9 
10 
11 


55,000.00 


5,000.00 


53,910.76 


51,442.18 


1,034.50 


12 


20,034.87 


10,584.50 


12,000.00 


-- 


27,868.13 


13 


-- 


-- 


-- 


-- 


-- 


14 


200,000.00 


150,000.00 


150,000.00 


250,000.00 


300,000.00 


15 


250,000.00 


150,000.00 


300,000.00 


350,000.00 


167,500.00 


16 


48,522.83 


56,342.51 


254,778.73 


113,033.10 


50,149.26 


17 
18 
19 


96,020.78 


10,000.00 


52,564.42 


50,684.00 


59,616.61 


$8,267,641.89 


$5,418,296.82 


$9,569,487.84 


$6,329,666.34 


$2,293,451.21 


20 


$1,735,848.78 


$3,905,529.46 


$3,034,172.23 


$2,431,807.59 


$2,343,882.52 


21 


53,956.00 


24,925.00 


89,241.50 


5,507.00 


33,739.00 


22 


1,953.81 


238.50 


-- 


-- 


-- 


23 


14,400.00 


-- 


20,000.00 


-- 


31,270.11 


24 


10,009.49 


13,181.52 


22,715.81 


18,291.96 


42,377.07 


25 


100,000.00 


200,000.00 


178,656.47 


106,000.00 


55,230.00 


26 


32,103.37 


76,856.19 


93,005.62 


86,929.57 


27,255.22 


27 


127.80 


-- 


24,480.38 


-- 


-- 


28 


$1,948,399.25 


$4,220,730.67 


$3,462,272.01 


$2,648,536.12 


$2,533,753.92 


29 


128 


413 


340 


276 


179 


30 


$6,365.85 


$4,495.27 


$3,650.43 


$6,319.45 


$7,362.30 


31 


4.58 


5.00 


4.81 


4.82 


5.35 


32 


8 


12 


1 


26 




33 


$13,957.50 


$9,646.55 


$30,000.00 


$4,024.76 




34 


4.01 


4.14 


5.00 


4.28 




35 


2.65 


2.85 


2.55 


3.02 


2.62 


36 


3.58 


3.85 


3.46 


4.29 


4.10 


37 


2.00 


3.00 


2.25 


3.00 


3.00 


38 


$28,318.93 


$103,957.98 


$59,441.85 


$59,555.87 


$59,256.08 


39 


$1,214,263.58 


$1,537,655.75 


$1,755,871.53 


$927,048.44 


$1,324,958.46 


40 


$1,162,359.36 


$1,429,305.69 


$1,639,724.73 


$616,093.70 


$1,101,117.96 


41 


$80,223.15 


$212,308.04 


$175,588.65 


$370,510.61 


$283,096.58 


42 


12,920 


13,541 


16,462 


5,061 


10,956 


43 


8,618 


8,798 


9,990 


2,558 


5,676 


44 


795 


729 


983 


320 


727 


45 


880 


623 


878 


240 


471 


46 


!85 


106 


105 


80 


256 


47 


5,304 


5,950 


6,157 


1,851 


3,281 


48 


No Trust 


$578,207.76 


No Trust 


$2,602,014.77 


No Trust 


49 


Department 


4,301.12 


Department 


25,863.84 


Department 


50 
51 
52 




$582,508.88 




$2,627,878.61 




53 









$2,059,504.19 




54 




-- 




-- 




55 



46 



P.D. 8, Section D. 



ASSETS 



PITTSFIELD 



THE BERKSHIRE 

TRUST 

COMPANY 



COMMERCIAL DEPARTMENT 

Incorporated 

Began Business 

Cash, clearing and cash items in the process of collection 

Balances with banks 

U. S. Government obligations, direct and fully guaranteed 

State, county and municipal obligations 

Other bonds, notes and debentures 

Corporate stocks 

Real estate loans 

Collateral loans 

Unsecured loans 

Installment loans 

Overdrafts 

Banking house, owned directly or indirectly, vaults, furniture, and fixtures 

Other real estate owned, etc., directly or indirectly 

Customers' liability on acceptances outstanding . . 

Prepaid expenses 

Interest accrued but not collected 

Other assets 

Total 



SAVINGS DEPARTMENT 

Began business 

Deposits draw interest from 

Interest is payable 

Cash, checks and cash items 

Balances with banks 

Due from Commercial department 

U. S. Government obligations, direct and fully guaranteed 

Other public funds 

Railroad bonds 

Telephone company bonds 

Gas, electric and water company bonds 

Other bonds 

Bank and fire insurance company stock 

Securities acquired for debt 

Real estate loans 

Other loans 

Real estate owned, etc. 

Income accrued but not collected 

Other assets 

Total 



TRUST DEPARTMENT 

Government, state and municipal bonds 

Other bonds 

Stocks 

Loans on real estate 

Other loans 

Real estate by foreclosure, etc 

Real estate owned 

Deposits subject to check 

Other bank deposits 

Tangible personal property 

Other assets 

Total 



May 2 

July 1 

$500 

657 

2,382 

310 

179 

225 
1,217 
1,121 

653 

193 



7, 1895 
1, 1895 
,687.18 
,108.14 
,706.25 

665.16 
,272.81 
1.00 
,333.32 
,325.13 
.74J.09 
,993.23 

213.39 
,220.00 



3,673.93 
25,385.54 



$7,471,332.17 



Sept. 1, 1923 

Monthly on 1st 

June 30-Dec. 31 

$5,605.66 

56,644.04 

62,744.98 

1,053,373.86 

345,363.14 

79,504.52 

30,364.62 

49,725.00 

50,000.00 



1,681,875.77 
29,170.95 



162.06 



$3,444,534.60 



$184,435.64 

633,438.86 

3,059,979.10 

193,758.20 

1,685.36 

180,546.35 

154,258.52 

182,609.79 

3,557.76 

43,810.89 



$4,638,080.47 



P.D. 8, Section D. 



47 



QUINCY 


RANDOLPH 


ROCKLAND 


SALEM 


SAUGUS 




QUINCY 

TRUST 

COMPANY 


RANDOLPH 


ROCKLAND 


NAUMKEAG 


SAUGUS 




TRUST 


TRUST 


TRUST 


TRUST 




COMPANY 


COMPANY 


COMPANY 


COMPANY 




Sept. 27, 1915 


May 12, 1915 


Sept. 10, 1907 


Oct. 9, 1909 


Apr. 13, 1928 




Dec. 15, 1915 


July 9, 1915 


Sept. 30, 1907 


Oct. 12, 1909 


June 15, 1928 




$2,881,702.19 


$153,295.61 


$933,425.56 


$1,938,081.99 


$139,142.29 


1 


1,478,689.35 


859,254.33 


2,763,723.97 


3,280,259.08 


540,334.18 


2 


7,758,625.15 


2,658,065.63 


4,968,311.40 


2,872,938.51 


856,718.75 


3 


1,406,505.04 


-- 


378,745.50 


1,473,559.22 


196,284.64 


4 


-- 


-- 


76,455.75 


1,388,816.32 


25,064.25 


5 


37,500.00 


3,500.00 


19,033.17 


82,580.97 


4,999.70 


6 


93,478.21 


37,514.75 


34,575.16 


803,427.71 


1,903.74 


7 


1,860,254.06 


87,509.46 


2,379,105.65 


1,998,928.08 


145,808.41 


8 


768,732.19 


282,387.00 


2,264,362.70 


4,155,067.89 


252,293.03 


9 


1,898,414.87 


726,297.83 


5,469,898.83 


1,899,736.34 


737,395.79 


10 


6,283.02 


486.31 


3,935.45 


1,769.35 


1,053.96 


11 


254,721.94 


141,228.65 


372,581.18 


270,000.00 


134,359.59 


12 
13 


33,686.57 


-- 


13,119.79 


-- 


__ 


14 
15 


7,649.40 


-- 


-- 


-- 


-- 


16 


17,914.42 


9,216.32 


7,281.46 


-- 


-- 


17 


$18,504,156.41 


$4,958,755.89 


$19,684,555.57 


$20,165,165.46 


$3,035,358.33 


18 


Dec. 15, 1915 


July 9, 1915 


Mar. 28, 1912 


May 27, 1919 


June 15, 1928 


19 


Monthly on 1st 


Monthly on 1st 


Monthly on 1st 


Monthly on 1st 


Monthly on 1st 


20 


Apr. 15-Oct. 15 


Apr. 15-Oct. 15 


2nd Mon. June-Dec. 


May 1-Nov. 1 


Apr. 10-Oct. 10 


21 


$11,927.40 


$10,261.73 


-- 


-- 


$15,442.94 


22 


10,775.02 


18,600.02 


$17,000.00 


$37,616.18 


15,577.28 


23 


64,296.59 


46,633.88 


145,803.08 


67,792.14 


67,966.08 


24 


3,372,574.07 


743,140.63 


2,433,971.00 


1,507,628.07 


878,123.63 


25 


-- 


193,030.02 


304,351.99 


135,723.75 


150,359.54 


26 


-- 


-- 


-- 


-- 


1,897.50 


27 
28 
29 
30 
31 
32 
33 


-- 


-- 


-- 


158,623.48 


10,000.00 


-- 


1,022.00 


-- 


4,978.11 


4,133.80 


3,147,084.24 


701,446.72 


2,573,576.36" 


2,263,419.69 


1,305,732.42 


167,599.57 


-- 


154,500.00 


-- 


-- 


34 
35 
36 


18.13 


__ 


__ 


-- 


_- 


3,955.79 


-- 


4,364.67 


-- 


-- 


37 


$6,778,230.81 


$1,714,135.00 


$5,633,567.10 


$4,175,781.42 


$2,449,233.19 


38 


No Trust 


No Trust 


$24,573.13 


$1,697,811.19 


No Trust 


39 


Department 


Department 


287,179.34 


1,273,661.54 


Department 


40 






1,448,856.16 


5,276,168.82 




41 






100,127.09 


-- 




42 






2,500.00 


-- 




43 






-- 


-- 




44 






104,860.00 


204,215.43 




45 






50,533.00 


248,094.16 




46 






395,088.72 


962,838.76 




47 






10,048.03 


6,398.50 




48 






10,832.29 


5,632.50 




49 






$2,434,597.76 


$9,674,820.90 




50 



48 



P.D. 8, Section D. 



LIABILITIES 



PITTSFIELD 



THE BERKSHIRE 

TRUST 

COMPANY 



COMMERCIAL DEPARTMENT 

Demand deposits of individuals, partnerships and corporations . . . 

Time deposits of individuals, partnerships and corporations 

Deposits of U. S. Government (including Postal Savings) 

Deposits of states, counties, and municipalities 

Deposits of banks 

Due to Savings Department 

Other deposits (certified, officers' checks, etc.) 

Bills payable and other liabilities for borrowed money 

Mortgages or other liens on foreclosed real estate, etc 

Acceptances executed by or for account of this trust company .... 

Income collected not earned 

Accrued for taxes, interest, expenses, etc 

Other liabilities 

Capital stock Preferred 

Capital stock Common 

Surplus 

Undivided profits 

Preferred stock retirement, fund 

Other capital reserves 

Total '. 

SAVINGS DEPARTMENT 

Savings deposits 

Club deposits 

Income collected not earned 

Accrued for taxes, interest, expenses, etc 

Other liabilities 

Guaranty fund 

Profit and loss, including net current period earnings 

Other capital reserves 

Total 

SAVINGS DEPARTMENT INFORMATION 
AS OF DECEMBER 31, 1958 

Number of real estate loans 

Average real estate loan 

Average rate on real estate loans 

Number of personal security loans 

Average personal security loan 

Average rate on personal security loan 

Average rate on amount invested in securities . . . , 

Average rate on amount invested in securities and loans 

PERIOD, DECEMBER 31, 1957 TO DECEMBER 31, 1958 

Rate of interest paid 

Amount of interest paid 

Amount of deposits 

Amount of withdrawals 

Net increase 

Number of deposits 

Number of withdrawals 

Number of accounts opened 

Number of accounts closed 

Net increase in number of accounts 

Number of accounts, December 31, 1958 

TRUST DEPARTMENT 

As trustee, executor, administrator, etc , 

Income 

Earnings no transferred to the Commercial Department , 

Other liabilities 

Total , 

As agent, custodian, etc. 

As corporate agent or trustee 



$5,316,755.29 

137,850.29 

870,962.49 

146,830.83 

65,865.59 

31,118.06 



975.24 

29,986.04 

1,736.30 

300,000.00 

400,000.00 

64,252.04 

105,000.00 



$7,471 


,332 


17 


$3,073,400.41 


16 


074 


00 




117 


52 


22 


800 


00 


150 


000 


00 


87 


142 


67 


95 


000 


00 


$3,444 


534 


60 




145 




$11 


599 


14 




4.80 




29 




$1 


005 


89 




3 


97 




3. 


55 




4 


17 




3 


00 


$73,635.77 


$1,773 


121. 


07 


$1,223 


065. 


99 


$623,690.85 


14,526 




5 


980 




1..882 






526 




1, 


356 




4, 


150 




$4,499,802.43 


87, 


508. 


34 


50, 


769. 


70 


$4,638, 


080.47 



$3,555,101.36 



1 Decrease. 



P.D. 8, Section D. 



49 



QUINCY 


RANDOLPH 


ROCKLAND 


SALEM 


SAUGUS 




QUINCY 


RANDOLPH 


ROCKLAND 


NAUMKEAG 


SAUGUS 




TRUST 


TRUST 


TRUST 


TRUST 


TRUST 




COMPANY 


COMPANY 


COMPANY 


COMPANY 


COMPANY 




$13,248,047.16 


$3,125,817.42 


$12,360,651.62 


$13,718,166.57 


$2,017,599.34 


1 


-- 


142,088.58 


-- 


-- 


-_ 


2 


561,326.15 


153,288.14 


269,165.11 


860,960.15 


59,529.85 


3 


1,301,344.65 


581,071.15 


3,282,888.63 


873,909.05 


332,805.88 


4 


810,324.60 


358,880.40 


820,252.10 


1,102,716.24 


71,132.23 


5 


64,296.59 


46,633.88 


152,200.56 


67,792.14 


73,090.82 


6 


1,096,091.27 


10,130.94 


994,733.65 


1,013,868.33 


66,463.63 


7 
8 


183,955.29 


44,466.00 


130,000.00 


-- 


102,856.24 


9 
10 
11 


79,964.69 


-- 


141,782.93 


1,015.39 


8,000.00 


12 


1,195.52 


2,310.20 


109.32 


205,868.62 


3,828.33 


13 


-- 


-- 


-- 


200,000.00 


-- 


14 


350,000.00 


200,000.00 


500,000.00 


250,000.00 


125,000.00 


15 


500,000.00 


150,000.00 


500,000.00 


1,050,000.00 


125,000.00 


16 


151,736.66 


93,662.49 


147,077.14 


441,510.76 


40,052.01 


17 


155,873.83 


50,406.69 


385,694.51 


379,358.21 


10,000.00 


18 

19 


$18,504,156.41 


$4,958,755.89 


$19,684,555.57 


$20,165,165.46 


$3,035,358.33 


20 


$6,099,077.04 


$1,584,019.06 


$5,139,170.20 


$3,537,169.58 


$2,226,010.08 


21 


80,661.50 


17,103.00 


24,336.50 


-- 


34,866.00 


22 


26,500.00 


6,000.00 


._ 


__ 


__ 


23 
24 


32,890.48 


10,148.05 


39,583.27 


14,311.02 


38,967.98 


25 


400,000.00 


75,000.00 


256,500.00 


296,700.00 


85,165.41 


26 


139,171.79 


21,864.89 


124,264.63 


227,600.82 


52,223.72 


27 


-- 


-- 


49,712.50 


100,000.00 


12,000.00 


28 


$6,778,230.81 


$1,714,135.00 


$5,633,567.10 


$4,175,781.42 


$2,449,233.19 


29 


509 


165 


529 


203 


260 


30 


$6,182.87 


$4,251.19 


$4,864.98 


$11,149.85 


$5,022.04 


31 


4.78 


5.13 


5.00 


4.85 


4.80 


32 


8 




5 






33 


$20,949.94 




$30,900.00 






34 


3.95 




4.13 






35 


2.91 


2.51 


2.80 


2.78 


2.58 


36 


3.81 


3.64 


3.88 


3.95 


3.81 


37 


2.00 


2.00 


2.50 


3.00 


2.00 


38 


$106,877.33 


$25,322.47 


$106,702.71 


$97,574.98 


$36,076.89 


39 


$2,983,132.89 


$1,254,941.93 


$3,538,336.03 


$1,176,994.11 


$1,772,456.14 


40 


$2,804,116.57 


$1,082,133.27 


$3,205,118.38 


$1,226,255.47 


$1,633,565.81 


41 


$285,893.65 


$198,131.13 


$439,920.36 


$48,313.62 


$174,967.22 


42 


29,895 


10,460 


28,169 


8,573 


18,841 


43 


18,255 


7,327 


19,125 


4,568 


12,409 


44 


1,609 


1,063 


2,366 


472 


1,187 


45 


1,607 


611 


1,902 


534 


629 


46 


2 


452 


464 


*62 


558 


47 


11,743 


3,670 


11,244 


3,728 


6,449 


48 


No Trust 


No Trust 


$2,419,723.41 


$9,568,146.57 


No Trust 


49 


Department 


Department 


14,874.35 


106,674.33 


Department 


50 






-- 


-- 




51 






-- 


-- 




52 






$2,434,597.76 


$9,674,820.90 




53 






$672,037.44 


$3,415,905.38 




54 








"" 




55 



50 



P.D. 8, Section D. 



ASSETS 



SPRINGFIELD 



SPRINGFIELD 

SAFE DEPOSIT 

AND TRUST 

COMPANY 



COMMERCIAL DEPARTMENT 

Incorporated 

Began Business 

Cash, clearing and cash items in the process of collection 

Balances with banks 

U. S. Government obligations, direct and fully guaranteed 

State, county and municipal obligations 

Other bonds, notes and debentures 

Corporate stocks 

Real estate loans 

Collateral loans 

Unsecured loans .• 

Installment loans 

Overdrafts 

Banking house, owned directly or indirectly, vaults, furniture, and fixtures 

Other real estate owned, etc., directly or indirectly 

Customers' liability on acceptances outstanding 

Prepaid expenses 

Interest accrued but not collected 

Other assets 

Total 



SAVINGS DEPARTMENT 

Began business 

Deposits draw interest from 

Interest is payable 

Cash, checks and cash items 

Balances with banks 

Due from Commercial department 

U. S. Government obligations, direct and fully guaranteed 

Other public funds 

Railroad bonds : 

Telephone company bonds 

Gas, electric and water company bonds 

Other bonds 

Bank and fire insurance company stock 

Securities acquired for debt 

Real estate loans 

Other loans 

Real estate owned, etc. 

Income accrued but not collected 

Other assets 

Total 



TRUST DEPARTMENT 

Government, state and municipal bonds 

Other bonds 

Stocks 

Loans on real estate 

Other loans 

Real estate by foreclosure, etc 

Real estate owned 

Deposits subject to check 

Other bank deposits 

Tangible personal property 

Other assets 

Total 



June 18, 1885 
June 1, 1886 

$3,855,099.73 
7,921,023.39 

10,490,625.00 



106,650.00 

257,470.23 
9,043,231.13 
7,778,870.66 

488,567.06 
2,288.51 

500,000.00 



57,231.00 



$40,501,056.71 



Jan. 2, 1948 

Monthly on 1st 

Apr. 1-Oct. 1 

$9,452.51 

37,118.70 

1,147,968.75 

3,000.00 



1,006,273.61 
192,280.00 



$2,396,093.57 



$5,948,037.16 

4,446,747.00 

30,690,373.52 

438,343.54 

24,068.91 

190,591.54 

838,786.34 

1,489,654.33 

17,835.84 

211,955.65 



$44,296,393.83 



P.D. 8, Section D. 



51 



SPRINGFIELD 


TAUNTON 


WAKEFIELD 


WALT HAM 




VALLEY BANK 


BRISTOL 


WAKEFIELD 


GUARANTY 


NEWTON - 




AND TRUST 


COUNTY TRUST 


TRUST 


TRUST COMPANY 


WALTHAxM BANK 




COMPANY 


COMPANY 


COMPANY 


OF WALTHAM 


AND TRUST 
COMPANY 




Jan. 5, 1906 


Feb. 16, 1917 


June 29, 1916 


July 25, 1951 


Mar. 22, 1894 




Jan. 6, 1906 


Mar. 19, 1917 


July 11, 1916 


Jan. 21, 1952 


July 12, 1894 




$9,839,227.06 


$1,257,613.32 


$484,150.93 


$445,531.51 


$5,925,652.27 


1 


10,313,338.77 


2,003,811.53 


1,006,982.15 


1,024,360.09 


3,022,534.96 


2 


19,111,531.42 


2,560,384.25 


3,796,489.35 


2,616,685.53 


19,997,790.65 


3 


3,823,632.34 


1,083,758.11 


612,072.07 


-- 


7,359,170.52 


4 


238,558.26 


443,086.55 


-- 


-- 


161,937.45 


5 


207,256.00 


23,650.00 


-- 


48,000.00 


252,377.02 


6 


3,815,977.98 


147,229.74 


339,338.35 


262,869.55 


3,354,131.21 


7 


8,446,032.04 


577,801.79 


781,918.18 


641,302.90 


2,925,590.43 


8 


14,092,840.87 


1,610,989.43 


1,673,316.83 


530,897.96 


7,459,682.19 


9 


15,891,254.61 


1,036,158.02 


1,022,588.79 


578,980.42 


5,565,524.25 


10 


16,708.37 


2,632.04 


148.10 


664.24 


39,591.90 


11 


2,204,884.35 


184,026.40 


163,600.62 


82,460.18 


958,301.64 


12 


-- 


-- 


-- 


-- 


216.00 


13 
14 
15 


44,453.40 


2,702.68 


2,762.52 


2,968.63 


29,520.87 


272,742.75 


310.62 


25,273.47 


2,204.16 


256,503.91 


16 


60,452.08 


1,500.00 


6,779.22 


-- 


540,598.54 


17 


$88,378,890.30 


$10,935,654.48 


$9,915,420.58 


$6,236,925.17 


$57,849,123.81 


18 


Jan. 22, 1947 


Oct. 1, 1919 


Oct. 17, 1923 


Jan. 21, 1952 


Apr. 1, 1915 


19 


Monthly on 1st 


Monthly on 1st 


Monthly on 1st 


Monthly on 1st 


Quarterly on 5th * 


20 


Apr. 1-Oct. 1 


Jan. 1-July 1 


May 31-Nov. 30 


Jan. 15- July 15 


Apr. 15-Oct. 15 


21 


$37,330.25 


$10,299.76 


$13,880.25 


-- 


-- 


22 


771,967.92 


105,683.50 


70,606.50 


$25,949.04 


-- 


23 


162,595.15 


84,180.31 


-- 


29,792.13 


$353,791.89 


24 


10,940,292.84 


1,531,209.23 


515,581.74 


295,688.36 


4,632,915.63 


25 


1,689.413.94 


20,833.68 


54,319.31 


-- 


-- 


26 


-- 


45,566.36 


-- 


-- 


-- 


27 


-- 


25,572.00 


-- 


-- 


-- 


28 
29 
30 
31 


-- 


52,917.84 


-- 


-- 


-- 


5,216,339.38 


2,604,804.86 


1,172,380.09 


686,480.51 


6,054,248.43 


32 
33 


-- 


2,350.00 


5,800.00 


160,521.62 


-- 


34 


-- 


-- 


-- 


-- 


5,233.81 


35 


104,451.51 


2,356.09 


5,314.00 


-- 


36,671.81 


36 


-- 


-- 


-- 


176.59 


169.50 


37 


$18,922,390.99 


$4,485,773.63 


$1,837,881.89 


$1,198,608.25 


$11,083,031.07 


38 


$7,716,411.09 


$971.87 


$113,153.33 


No Trust 


$5,292,192.80 


39 


7,397,818.24 


53,721.12 


99,668.67 


Department 


2,046,660.55 


40 


20,689,466.27 


178,280.19 


900,156.87 




13,158,793.40 


41 


480,204.71 


-- 


4,468.48 




121,546.46 


42 


125,049.98 


-- 


10,000.00 




53,311.07 


43 


-- 


-- 


-- 




-- 


44 


109,246.01 


7,111.00 


250.00 




551,763.95 


45 


907,005.85 


19,993.89 


19,144.81 




578,261.70 


46 


1,026,622.33 


17,589.21 


134,765.51 




359,098.41 


47 


3,172.00 


. __ 


103.00 




18,108.10 


48 


25,497.83 


2,537.54 


-- 




183,071.08 


49 


$38,480,494.31 


$280,204.82 


$1,281,710.67 




$22,362,807.52 


50 



Jan.-Apr.-July-Oct. 



52 



P.D. 8, Section D. 



LIABILITIES 



SPRINGFIELD 



SPRINGFIELD 

SAFE DEPOSIT 

AND TRUST 

COMPANY 



COMMERCIAL DEPARTMENT 

Demand deposits of individuals, partnerships and corporations . . . 

Time deposits of individuals, partnerships and corporations 

Deposits of U. S. Government (including Postal Savings) 

Deposits of states, counties, and municipalities 

Deposits of banks 

Due to Savings Department 

Other deposits (certified, officers' checks, etc.) 

Bills payable and other liabilities for borrowed money 

Mortgages or other liens on foreclosed real estate, etc 

Acceptances executed by or for account of this trust company .... 

Income collected not earned 

Accrued for taxes, interest, expenses, etc 

Other liabilities - 

Capital stock Preferred 

Capital stock Common 

Surplus 

Undivided profits 

Preferred stock retirement fund 

Other capital reserves 

Total 

SAVINGS DEPARTMENT 

Savings deposits 

Club deposits 

Income collected not earned 

Accrued for taxes, interest, expenses, etc 

Other liabilities 

Guaranty fund 

Profit and loss, including net current period earnings 

Other capital reserves 

Total 

SAVINGS DEPARTMENT INFORMATION 
AS OF DECEMBER 31, 1958 

Number of real estate loans 

Average real estate loan 

Average rate on real estate loans 

Number of personal security loans 

Average personal security loan 

Average rate on personal security loan 

Average rate on amount invested in securities . . . , 

Average rate on amount invested in securities and loans 

PERIOD, DECEMBER 31, 1957 TO DECEMBER 31, 1958 

Rate of interest paid 

Amount of interest paid 

Amount of deposits 

Amount of withdrawals 

Net increase 

Number of deposits 

Number of withdrawals 

Number of accounts opened 

Number of accounts closed 

Net increase in number of accounts 

Number of accounts, December 31, 1958 

TRUST DEPARTMENT 

As trustee, executor, administrator, etc 

Income , 

Earnings no transferred to the Commercial Department 

Other liabilities , 

Total , 

As agent, custodian, etc. 

As corporate agent or trustee 



$30,042,616.98 

25,000.00 

728,691.99 

2,416,488.55 

2,025,208.07 

46,733.77 

867,475.83 



240,181.25 
30,158.11 

1,000,000.00 

2,500,000.00 

376,642.15 

201,860.01 



$40,501,056.71 



$2,186,573.32 

61,451.00 

2,073.47 

8,428.58 

6,693.33 

54,942.78 

75,931.09 



$2,396,093.57 



139 

$7,239.37 

4.51 

18 

$10,682.22 

4.08 

2.60 

3.54 



2.00 
$38,852.86 
$1,159,225.31 
$1,192,318.95 
$5,764.22 
29,201 
6,585 
1,064 
941 
123 
5,672 



$43,680,539.43 

573,282.86 

39,877.93 

2,693.61 



$44,296,393.83 



$65,968,159.15 
$7,732.40 



1 Decrease. 



P.D. 8, Section D. 



53 



SPRINGFIELD 


TAUNTON 


WAKEFIELD 


WALTHAM 




VALLEY BANK 


BRISTOL 


WAKEFIELD 


GUARANTY 


NEWTON - 




AND TRUST 


COUNTY TRUST 


TRUST 


TRUST COMPANY 


WALTHAM BANK 




COMPANY 


COMPANY 


COMPANY 


OF WALTHAM 


AND TRUST 
COMPANY 




$63,702,284.63 


$6,551,981.61 


$6,067,242.14 


$3,780,831.17 


$41,195,481.47 


1 


102,491.58 


-- 


-- 


458,000.00 


77,831.23 


2 


2,808,573.69 


419,165.12 


143,678.98 


905,509.49 


827,254.91 


3 


5,065,638.61 


1,576,236.70 


1,992,762.75 


260,103.64 


2,935,207.10 


4 


2,259,138.67 


644,028.37 


205,791.04 


56,734.85 


2,688,366.43 


5 


194,584.06 


152,890.35 


-- 


29,792.13 


353,791.89 


6 


3,575,819.52 


444,237.36 


556,173.25 


101,410.18 


2,757,169.70 


7 
8 


1,099,197.32 


79,678.59 


81,520.67 


-- 


582,422.77 


9 
10 
11 


302,231.33 


94,386.55 


69,223.52 


-- 


513,669.19 


12 


221,214.65 


599.72 


31,755.88 


5,000.00 


203,177.94 


13 

14 
15 


2,600,000.00 


300,000.00 


200,000.00 


229,900.00 


1,320,000.00 


4,200,000.00 


300,000.00 


200,000.00 


175,000.00 


2,000,000.00 


16 


765,204.62 


256,239.04 


51,108.56 


185,881.42 


1,335,538.64 


17 
18 
19 


1,482,511.62 


116,211.07 


316,163.79 


48,762.29 


1,059,212.54 


$88,378,890.30 


$10,935,654.48 


$9,915,420.58 


$6,236,925.17 


$57,849,123.81 


20 


$18,065,907.53 


$3,952,612.36 


$1,617,260.71 


$1,108,456.54 


$9,781,212.84 


21 


166,448.50 


30,506.50 


74,299.50 


10,180.00 


41,324.00 


22 


-- 


-- 


17.46 


-- 


-- 


23 


183,620.26 


-- 


2,609.56 


12,000.00 


38,806.21 


24 


-- 


27,740.53 


10,022.80 


-- 


86,584.88 


25 


119,970.16 


195,650.00 


100,000.00 


13,400.00 


500,000.00 


26 


147,604.11 


130,022.77 


33,671.86 


54,571.71 


524,759.55 


27 


238,840.43 


149,241.47 


-- 


-- 


110,343.59 


28 


$18,922,390.99 


$4,485,773.63 


$1,837,881.89 


$1,198,608.25 


$11,083,031.07 


29 


610 


523 


170 


73 


750 


30 


$8,551.37 


$4,980.50 


$6,896.35 


$9,403.84 


$8,072.33 


31 


4.36 


5.02 


4.66 


4.89 


4.52 


32 




1 


1 


19 




33 




$2,350.00 


$5,800.00 


$8,448.50 




34 




3.00 


5.00 


4.68 




35 


2.80 


2.89 


2.37 


2.53 


2.86 


36 


3.24 


4.18 


3.91 


4.26 


3.81 


37 


2.50 


2.50 


2.00 


2.50 


2.00 


38 


$405,551.24 


$89,938.04 


$27,079.88 


$20,169.36 


$161,061.23 


39 


2 $22,402,157.86 


$1,372,735.04 


$1,216,215.46 


$821,991.15 


$5,734,554.24 


40 


$8,060,418.19 


$1,309,616.65 


$1,186,475.23 


$683,776.25 


$5,657,658.66 


41 


$14,747,290.91 


$153,056.43 


$56,820.11 


$158,384.26 


$237,956.81 


42 


2 76,215 


9,881 


12,156 


5,469 


49,272 


43 


47,301 


5,737 


7,241 


3,200 


29,782 


44 


5,561 


618 


906 


396 


3,449 


45 


5,734 


586 


785 


358 


4,556 


46 


1 173 


32 


121 


38 


1 1,107 


47 


28,021 


4,321 


4,454 


1,770 


21,026 


48 


$38,173,803.40 


$278,459.21 


$1,267,504.84 


No Trust 


$21,882,226.11 


49 


306,154.96 


1,745.61 


14,205.83 


Department 


480,395.23 


50 
51 
52 


535.95 


-- 


-- 




186.18 


$38,480,494.31 


$280,204.82 


$1,281,710.67 




$22,362,807.52 


53 


$9,379,925.89 


__ 


$53,947.67 




$1,504,914.75 


54 


$24,482.20 








$50,228.25 


55 



2 Includes 19,856 deposits totaling $14,215,754.09 acquired in merger. 



P.D. 8, Section D. 



ASSETS 



WARE 



WARE 

TRUST 

COMPANY 



COMMERCIAL DEPARTMENT 

Incorporated 

Began Business 

Cash, clearing and cash items in the process of collection 

Balances with banks 

U. S. Government obligations, direct and fully guaranteed 

State, county and municipal obligations 

Other bonds, notes and debentures 

Corporate stocks 

Real estate loans 

Collateral loans 

Unsecured loans 

Installment loans 

Overdrafts 

Banking house, owned directly or indirectly, vaults, furniture, and fixtures 

Other real estate owned, etc., directly or indirectly 

Customers' liability on acceptances outstanding 

Prepaid expenses 

Interest accrued but not collected 

Other assets 

Total 



SAVINGS DEPARTMENT 

Began business 

Deposits draw interest from .' 

Interest is payable 

Cash, checks and cash items 

Balances with banks 

Due from Commercial department 

U. S. Government obligations, direct and fully guaranteed 

Other public funds 

Railroad bonds 

Telephone company bonds 

Gas, electric and water company bonds 

Other bonds 

Bank and fire insurance company stock 

Securities acquired for debt 

Real estate loans 

Other loans 

Real estate owned, etc. 

Income accrued but not collected 

Other assets 

Total 



TRUST DEPARTMENT 

Government, state and municipal bonds 

Other bonds- 

Stocks 

Loans on real estate 

Other loans 

Real estate by foreclosure, etc 

Real estate owned 

Deposits subject to check 

Other bank deposits 

Tangible personal property 

Other assets 

Total 



Feb. 1 

Mar. 

$351 

524 

1,149 

253 

46 

13 

17 

589 

869 

1,065 

17 

136 

10 



6, 1917 
1, 1917 
,520.97 
,797.32 
,811.47 
,537.04 
,648.75 
,641.40 
,600.00 
,770.08 
,077.24 
,829.09 
,342.06 
,174.19 
,433.20 



$5,046,182.81 



No Savings 
Department 



$68,447.50 

53,155.76 

313,665.80 



5,075.00 

7,276.67 

68,447.09 



3.00 



$516,070.82 



P.D. 8, Section D. 



55 



WELLESLEY 


WINCHESTER 


WORCESTER 




WELLESLEY 


WINCHESTER 


COMMERCE 


GUARANTY 


WORCESTER 




TRUST 


TRUST 


BANK AND 


BANK AND 


COUNTY 




COMPANY 


COMPANY 


TRUST 


TRUST 


TRUST 








COMPANY 


COMPANY 


COMPANY 




May 7, 1923 


July 1, 1913 


July 6, 1955 


Jan. 9, 1930 


Mar. 20, 1868 




Nov. 3, 1923 


July 1, 1913 


Aug. 22, 1955 


Apr. 1, 1930 


May 1, 1869 




$82,182.63 


$486,020.92 


$291,347.43 


$2,214,063.58 


$14,433,034.92 


1 


1,076,592.49 


724,432.07 


1,190,920.23 


6,551,284.49 


20,851,405.31 


2 


2,110,116.48 


2,219,914.06 


2,164,633.33 


10,258,448.83 


34,253,617.52 


3 


837,965.95 


833,799.29 


201,650.84 


-- 


7,031,305.49 


4 


480,778.96 


23,037.50 


-- 


-- 


1,797.726.31 


5 


15,650.00 


17,750.00 


-- 


-- 


277,500.00 


6 


204,268.38 


374,894.33 


43,629.48 


-- 


4,825,152.36 


7 


513,473.56 


1,756,326.53 


992,177.96 


4,764,757.02 


18,480,204.70 


8 


81,985.76 


288,866.64 


895,148.25 


5,437,001.73 


14,107,854.75 


9 


99,794.81 


350,053.18 


660,684.94 


5,638,824.54 


16,863,992.09 


10 


355.66 


6,115.38 


571.82 


13,766.76 


37,738.75 


11 


111,529.27 


81,838.00 


46,109.57 


1,057,308.99 


1,829,947.82 


12 


-- 


-_ 


-_ 


8,315.00 


__ 


13 

14 


2,047.64 


5,525.29 


9,915.09 


-- 


74,618.02 


15 


22,368.10 


19,896.61 


-- 


-- 


367,510.85 


16 


-- 


-- 


-- 


16,146.25 


14,744.97 


17 


$5,639,109.69 


$7,188,469.80 


$6,496,788.94 


$35,959,917.19 


$135,246,353.86 


18 


Nov. 3, 1923 


Mar. 27, 1918 


May 18, 1956 


Apr. 1, 1930 


Nov. 13, 1934 


19 


Monthly on 10th 


Monthly on 1st 


-- 


Monthly on 1st 


Monthly on 1st 


20 


May 10-Nov. 10 


June 10-Dec. 10 


-- 


Jan. 1-July 1 


Apr. 1-Oct. 1 


21 


$8,211.55 


-- 


-- 


$37,406.81 


$18,108.48 


22 


5,906.57 


$2,102.18 


$2,116.00 


14,522.25 


4,971.48 


23 


28,765.37 


123,167.67 


-- 


159,873.35 


147,776.48 


24 


894,894.58 


662,078.13 


-- 


5,782,225.02 


1,716,512.08 


25 


166,643.47 


-- 


-- 


2.00 


148,068.55 


26 


95,687.05 


-- 


-- 


-- 


-- 


27 


81,188.59 


-- 


-- 


-- 


-- 


28 


50,762.22 


-- 


-- 


-- 


-- 


29 


-" 


-- 


~~ 


" 


100,000.00 


30 
31 


851,607.71 


1,113,250.66 


:: 


8.373,453.38 


2,261,429.41 


32 
33 


-- 


18,100.00 


-- 


-- 


-- 


34 
35 
36 


10,598.63 


7,867.31 


-_ 


-- 


29,332.50 


-- 


-- 


-- 


54.00 


41.45 


37 


$2,194,265.74 


$1,926,565.95 


$2,116.00 


$14,367,536.81 


$4,426,240.43 


38 


No Trust 


No Trust 


No Trust 


$14,962.44 


$15,185,183.80 


39 


Department 


Department 


Department 


-- 


8,783,284.32 


40 








1.00 


35,443,939.30 


41 








-- 


488,380.25 


42 








-- 


72,363.19 


43 








-- 


-- 


44 








-- 


2,901,462.37 


45 








13,778.42 


1,345,558.43 


46 








10,047.40 


2,375,921.52 


47 








-- 


254,642.58 


48 








-- 


89,740.45 


49 








$38,789.26 


$66,940,476.21 


50 



56 



P.D. 8, Section D. 



LIABILITIES 



WARE 



WARE 

TRUST 

COMPANY 



COMMERCIAL DEPARTMENT 

Demand deposits of individuals, partnerships and corporations . . . 

Time deposits of individuals, partnerships and corporations 

Deposits of U. S. Government (including Postal Savings) 

Deposits of states, counties, and municipalities 

Deposits of banks 

Due to Savings Department 

Other deposits (certified, officers' checks, etc.) 

Bills payable and other liabilities for borrowed money 

Mortgages or other liens on foreclosed real estate, etc 

Acceptances executed by or for account of this trust company . . . . 

Income collected not earned 

Accrued for taxes, interest, expenses, etc 

Other liabilities 

Capital stock Preferred 

Capital stock Common 

Surplus 

Undivided profits 

Preferred stock retirement fund 

Other capital reserves 

Total 

SAVINGS DEPARTMENT 

Savings deposits 

Club deposits 

Income collected not earned 

Accrued for taxes, interest, expenses, etc . . . 

Other liabilities 

Guaranty fund 

Profit and loss, including net current period earnings 

Other capital reserves 

Total 

SAVINGS DEPARTMENT INFORMATION 
AS OF DECEMBER 31, 1958 

Number of real estate loans 

Average real estate loan 

Average rate on real estate loans 

Number of personal security loans 

Average personal security loan 

Average rate on personal security loan 

Average rate on amount invested in securities 

Average rate on amount invested in securities and loans 

PERIOD, DECEMBER 31, 1957 TO DECEMBER 31, 195* 

Rate of interest paid 

Amount of interest paid 

Amount of deposits 

Amount of withdrawals 

Net increase 

Number of deposits 

Number of withdrawals 

Number of accounts opened 

Number of accounts closed 

Net increase in number of accounts 

Number of accounts, December 31, 1958 

TRUST DEPARTMENT 

As trustee, executor, administrator, etc 

Income 

Earnings no transferred to the Commercial Department 

Other liabilities 

Total 

As agent, custodian, etc. 

As corporate agent or trustee 



$3,122,053.22 

19,000.00 

285,423.39 

656,297.49 

310,580.93 

47,135.27 



97,638.80 
23,010.87 



150,000.00 

150,000.00 

68,177.29 

116,865.55 



$5,046,182.81 



No Savings . 
Department 



$511,255.91 
4,814.91 



$516,070.82 



$63,919.67 
$72,000.00 



1 Decrease. 



P.D. 8, Section D. 



57 



WELLESLEY 


WINCHESTER 


WORCESTER 




WELLES LEY 


WINCHESTER 


COMMERCE 


GUARANTY 


WORCESTER 




TRUST 


TRUST 


BANK AND 


BANK AND 


COUNTY 




COMPANY 


COMPANY 


TRUST 


TRUST 


TRUST 








COMPANY 


COMPANY 


COMPANY 




$4,471,310.35 


$4,301,230.07 


$4,513,635.18 


$27,806,276.50 


$92,649,836.30 


1 


659.71 


4,414.85 


300,000.00 


-- 


-- 


2 


56,997.36 


215,383.13 


208,622.23 


1,308,471.98 


4,377,508.01 


3 


336,543.55 


1,200,587.60 


559,359.20 


664,009.55 


6,416.521.53 


4 


24,113.42 


452,775.24 


121,477.92 


1,733,434.71 


12,085,525.14 


5 


28,765.37 


123,167.67 


-- 


159,873.35 


159,248.15 


6 


193,727.32 


90,817.11 


88,154.20 


289,815.46 


4,359,090.67 


7 
8 


:: 


-- 


-- 


8,315.00 


-- 


9 
10 


9,020.95 


47,313.51 


66,260.81 


105,784.00 


1,376,528.56 


11 


1,197.37 


89,825.34 


28,423.46 


388,429.60 


1,053,262.51 


12 


123.75 


-- 


1 175.00 


6,808.60 


399,401.22 


13 
14 
15 


200,000.00 


200,000.00 


350,000.00 


1,320,000.00 


3,250,000.00 


170,000.00 


300,000.00 


100,000.00 


1,120,000.00 


5,750,000.00 


16 


87,222.22 


44,786.60 


103,436.58 


414,561.74 


719,110.40 


17 
18 
19 


59,428.32 


118,168.68 


57,594.36 


634,136.70 


2,650,321.37 


$5,639,109.69 


$7,188,469.80 


$6,496,788.94 


$35,959,917.19 


$135,246,353.86 


20 


$1,876,468.49 


$1,774,649.41 




$13,231,701.97 


$3,661,624.40 


21 


9,021.50 


15,079.00 


$2,116.00 


226,096.00 


157,943.75 


22 


-- 


130.05 


-- 


-- 


6,333.67 


23 


6,648.43 


5,153.74 


-- 


-- 


16,817.10 


24 


4,315.94 


19,877.07 


-- 


193,303.58 


24,491.90 


25 


151,500.00 


91,000.00 


-- 


474,050.00 


250,000.00 


26 


115,434.39 


20,390.66 


-- 


118,655.63 


286,301.40 


27 


30,876.99 


286.02 


-- 


123,729.63 


22,728.21 


28 


$2,194,265.74 


$1,926,565.95 


$2,116.00 


$14,367,536.81 


$4,426,240.43 


29 


77 


136 




1,282 


337 


30 


$11,059.84 


$8,185.66 




$6,531.55 


$6,710.47 


31 


4.73 


4.61 
2 
$9,050.00 
4.50 




4.84 


4.72 


32 
33 
34 
35 


2.44 


2.71 




2.73 


3.09 


36 


3.35 


3.93 




3.99 


3.95 


37 


2.50 


2.50 




2.50 


2.00 


38 


$35,899.59 


$37,684.86 




$290,767.47 


$62,863.89 


39 


$1,151,308.85 


$865,892.53 




$5,955,271.18 


$2,142,182.75 


40 


$1,000,071.14 


$791,265.71 




$5,909,056.61 


$2,008,720.74 


41 


$187,137.30 


$112,311.68 




$336,982.04 


$196,325.90 


42 


6,557 


5,686 




47,152 


17,303 


43 


3,684 


3,245 




32,065 


12,896 


44 


361 


285 




2,714 


2,257 


45 


354 


282 




2,557 


1,610 


46 


7 


3 




157 


647 


47 


2,921 


2,153 




18,406 


7,403 


48 


No Trust 


No Trust 


No Trust 


$38,789.26 


$66,291,962.18 


49 


Department 


Department 


Department 


-- 


646,014.03 


50 








-- 


-- 


51 








-- 


2,500.00 


52 








$38,789.26 


$66,940,476.21 


53 








__ 


$85,765,594.60 


54 










$3,184,147.92 


55 



STATEMENTS RELATING TO TRUST COMPANIES AND CERTAIN 
OTHER FINANCIAL INSTITUTIONS 



INDEX 

Statement 
Number Page 

1. Aggregate statement, commercial departments 61 

2. Aggregate statement, savings departments 62 

3. Aggregate statement, trust departments 63 

4. Comparative aggregate statements, commercial departments. 64 

5. Comparative aggregate statements, savings departments ... 66 

6. Comparative aggregate statements, trust departments 68 

7. Analysis of earnings, profits, dividends and capital changes, 

commercial departments 70 

8. Analysis of earnings, profits, dividends and capital changes, 

savings departments 71 

9. Comparative statements of earnings, profits and capital 

changes, commercial departments 72 

10. Comparative statements of earnings, profits and capital 

changes, savings departments 72 

11. Number of depositors, commercial and savings departments . 74 

12. Dividends, deposits and withdrawals, savings departments. . . 74 

13. Dividends paid by savings departments 75 

14. Average rate of interest received on loans and investments, 

savings departments 75 

15. Statements of corporations doing business under G. L., 

Chapter 172A 76 

16. Analysis of earnings, profits, dividends and capital changes 

of corporations doing business under G.L., Chapter 172A . 78 

17. Amounts of foreign transmissions under G. L., Chapter 169, 

by country 79 

18. Amounts of foreign transmissions under G. L., Chapter 169, 

by transmitter 79 

Miscellaneous Financial Institutions: 

Massachusetts Hospital Life Insurance Co., Balance 

Sheets 80 

Brown Brothers Harriman & Company, Statement of 

Condition 81 

Holding Companies: 

Bay State Corporation 82 

Shawmut Association 83 



P.D. 8, Section D. 



61 



STATEMENT No. 1 

AGGREGATE STATEMENT OF THE COMMERCIAL DEPARTMENTS 
OF TRUST COMPANIES 



No. Trust Companies Reporting 



60 
Dec. 31, 1958 



59 
Dec. 31, 1957 



%of Total Assets 



Dec. 31, 195* 



Dec. 31, 1957 



ASSETS 

Cash, clearing and cash items in the 
process of collection 

Balances with banks 

U. S. Government obligations, direct 
and fully guaranteed 

State, county and municipal obliga- 
tions 

Other bonds, notes and debentures . . 

Corporate stocks 

Real estate loans 

Collateral loans 

Unsecured loans 

Installment loans 

Overdrafts 

Banking house, vaults, furniture and 
fixtures 

Other real estate owned, etc., directly 
or indirectly 

Customers' liability on acceptances 
outstanding 

Prepaid expenses 

Interest accrued but not collected . . . 

Other assets 

Total 



(In thousands) 



$152,773 
223,235 

485,826 

118,784 

25,190 

3,869 

44,628 

213,004 

257,475 

154,121 

333 

26,670 

81 

2,541 
1,459 
4,930 
2,309 



(In thousands) 



$147,967 
224,525 

398,904 

105,195 

32,034 

3,816 

34,661 

221,521 

277,163 

138,104 

413 

24,817 

76 

1,077 

961 

3,768 

1,511 



$1,717,228 



$1,616,513 



8.90 
13.00 

28.29 

6.92 

1.47 

.23 

2.60 

12.40 

14.99 

8.98 

.02 

1.55 



.15 
.08 
.29 
.13 



9.15 
13.89 

24.68 

6.51 

1.98 

.24 

2.14 

13.70 

17.15 

8.54 

.03 

1.54 



.07 
.06 
.23 
.09 



100. 



100. 



LIABILITIES AND CAPITAL 

Demand deposits of individuals, part- 
nerships and corporations 

Time deposits of individuals, partner- 
ships and corporations 

Deposits of U. S. Government 

(Including Postal Savings) 

Deposits of states, counties and munic- 
ipalities 

Deposits of banks 

Other deposits (certified, officers' 
checks, etc.) 

Bills payable 

Acceptances executed by or for ac- 
count of this trust company 

Income collected not earned 

Accrued for taxes, interest, expenses, 
etc 

Other liabilities 

Capital Stock, Preferred 

Capital Stock, Common 

Surplus . 

Undivided profits * 

Preferred stock retirement fund . . . 

Other capital reserves 2 

Total 

Number of commercial department 
depositors .- 



11,186,373 

3,397 

39,586 

127,745 
97,561 

52,311 
300 

2,571 
12,707 

13,675 
6,686 
200 
50,942 
70,681 
26,524 

25,969 



51,130,406 

2,463 

42,750 

114,852 
85,843 

44,687 



1,079 
11,169 

12,742 

6,743 

800 

50,066 

67,831 

24,913 

25 

20,144 



$1,717,228 



$1,616,513 



%of Total Liabilities 



69.09 

.20 

2.30 

7.44 
5.68 

3.05 
.02 

.15 

.74 

.80 

.39 

.01 

2.97 

4.11 

1.54 

1.51 



100. 



69.93 

.15 

2.64 

7.10 
5.31 

2.76 



.07 

.69 

.79 

.42 

.05 

3.10 

4.20 

1.54 

1.25 



100. 



496,695 



472,914 



1 Does not include Trust Dept. earnings carried in Capital Accounts on Statements 7 and 9--Shown separately 
on Statement 3. 

includes valuation reserves (1958) $19,314; (1957) $15,625. 



62 



P.D. 8, Section D. 



STATEMENT No. 2 

AGGREGATE STATEMENT OF THE SAVINGS DEPARTMENTS 
OF TRUST COMPANIES 



No. Trust Companies Reporting 


55 
Dec. 31, 1958 


54 
Dec. 31, 1957 


% of Total Assets 


Dec. 31, 1958 


Dec. 31, 1957 


ASSETS 


(In thousands) 

$750 
8.675 

104,116 
18,005 
458 
381 
596 
857 

644 

135,635 

6,028 

28 

671 

75 


(In thousands) 

$827 
7,661 

91,325 
12,670 
548 
506 
624 
306 

602 

127,305 

7,908 

18 

477 

84 


.27 
3.13 

37.60 
6.50 
.16 
.14 
.22 
.31 

.23 
48.98 
2.18 
.01 
.24 
.03 


.33 
3.05 


U. S. Government obligations, direct 


36.41 




5.05 




.22 


Gas, electric and water company bonds. 


.20 
.25 
.12 


Bank and fire insurance company 


.24 




50.75 




3.15 




.01 


Income accrued but not collected .... 


.19 
.03 






Total 


$276,919 


$250,861 


100. 


100. 














LIABILITIES 


$248,588 

2,782 

85 

1,544 

2,653 

11,977 

6,715 
2,575 


$224,606 

2,602 

129 

1,283 

2,205 

11,850 

5,769 
2,417 


%of Total Liabilities 


Savings -deposits 


89.77 

1.00 

.03 

.56 

.96 

4.33 

2.42 
.93 


89.54 




1.04 


Accrued for taxes, interest, expenses, 


.05 
.51 




.88 




4.72 


Profit and loss, including net current 


2.30 




.96 






Total 


$276,919 


$250,861 


100. 


100. 












Number of savings department de- 


416,896 


394,468 


-- 


-- 



includes valuation reserves (1958) $1,897; (1957) $1,666. 



P.D. 8, Section D. 



63 



STATEMENT No. 3 

AGGREGATE STATEMENT OF THE TRUST DEPARTMENTS 
OF TRUST COMPANIES 



No. Trust Companies Reporting 


40 
Dec. 31. 1958 


41 
Dec. 31, 1957 


%of Total Assets 


Dec. 31, 1958 


Dec. 31. 1957 


ASSETS 

Government, state and municipal 

bonds 


(In thousands) 

$680,453 

540,592 

1,189,037 

19,321 

5,381 

29,060 
62,406 
24,330 
950 
14,534 


(In thousands) 

$683,622 

460,905 

1,099,028 

12,676 

6,672 

1 

28.386 

61,450 

21.835 

626 

13,179 


26.52 

21.07 

46.34 

.75 

.21 

1.13 

2.43 

.95 

.03 

.57 


28 62 


Other bonds 


19 30 


Stocks 


46 02 


Loans on real estate 


53 


Other loans 


.28 


Real estate by foreclosure, etc 

Real estate owned 


1.19 


Deposits subject to check 

Other bank deposits 


2.57 
91 


Other assets ". 


.03 
.55 






Total 


$2,566,064 


$2,388,380 


100. 


100. 










LIABILITIES 


$2,540,050 
25,726 

40 
248 


$2,361,287 
26,758 

58 
277 


%of Total Liabilities 


As trustee, executor, administrator, 
etc 


98.99 
1.00 

.01 


98.87 




1.12 


Earnings no transferred to the corn- 
Other liabilities 


.01 






Total 


$2,566,064 


$2,388,380 


100. 


100. 







HELD AS AGENT, CUSTODIAN, ETC. 



Date 


Number of Trust 
Companies Reporting 


Book Value 
(In thousands) 


December 31, 1956 
December 31, 1957 
December 31, 1958 


34 
31 
30 


$3,075,743 
$3,730,832 
$4,080,710 



HELD AS CORPORATE AGENT OR TRUSTEE 



Date 


Number of Trust 
Companies Reporting 


Book Value 
(In thousands) 


December 31, 1956 
December 31, 1957 
December 31, 1958 


16 
14 

14 


$348,545 
$352,876 
$372,838 



64 



P.D. 8, Section D. 



STATEMENT 
COMPARATIVE STATEMENT OF ASSETS AND LIABILITIES OF COMMERCIAL DEPART - 
(Amounts shown in thousands) 
ASSETS 







Cash, 




















Clearing 




U. S. 


State, 


Other 










No. 


and 


Balances 


Government 


County 


Bonds, 




Real 




Year 


of 


Cashltems 


with 


Obligations, 


and 


Notes 


Corporate 


Estate 


Collateral 




Cos. 


in the 
Process of 
Collection 


Banks 


Direct and 
Fully 
Guaranteed 


Municipal 
Obligations 


and 
Debentures 


Stock 


Loans 


Loans 


1949 


57 


$ 71,160 


$178,336 


$464,129 


$ 19,826 


$49,468 


$3,002 


$ 6,553 


$107,182 


1950 


57 


93,387 


192,310 


445,681 


39,498 


50,678 


3,010 


7,060 


124,542 


1951 


57 


108,143 


216,979 


449,468 


42,866 


46,539 


3,003 


10,254 


134,138 


1952 


58 


105,415 


206,806 


443,544 


47,089 


50,616 


3,038 


13,920 


143,010 


1953 


58 


93,257 


204,496 


420,289 


55,046 


48,920 


3,297 


18,211 


151,106 


1954 


58 


92,999 


211,862 


428,724 


70,857 


46,560 


3,351 


20,485 


160,046 


1955 


61 


133,752 


241,105 


446,585 


87,923 


44,757 


3,564 


24,001 


230,647 


1956 


59 


161,349 


243,409 


401,392 


96,103 


36,070 


3,557 


35,274 


216,418 


1957 


59 


147,967 


224,525 


398,904 


105,195 


32,034 


3,816 


34,661 


221,521 


1958 


60 


152,773 


223,235 


485,826 


118,784 


25,190 


3,869 


44,628 


213,004 



LIABILITIES AND CAPITAL 







Demand 


Time 








Other 


Bills 


Acceptances 






Deposits of 


Deposits of 


Deposits of 






Deposits 


Payable 


Executed by 




No. 


Individuals 


Individuals, 


U. S. 


Deposits of 


Deposits 


(Certi- 


and Other 


or for 


Year 


of 


Partner- 


Partner- 


Government 


States, 


of 


fied, 


Liabilities 


Account 




Cos. 


ships and 


ships and 


(Including 


Counties 


Banks 


Officers' 


for 


of Trust 






Corpora- 


Corpora- 


Postal 


and Munic- 




Checks, 


Borrowed 


Companies 






tions 


tions 


Savings) 


ipalities 




etc.) 


Money 




1949 


57 


$ 765,446 


$4,393 


$29,193 


$ 65,778 


$52,128 


$28,336 


$ 800 


$ 643 


1950 


57 


849,703 


7,552 


25,642 


76,576 


54,694 


30,476 


-- 


273 


1951 


57 


900,792 


7,320 


21,164 


69,726 


62,768 


44,730 


2,500 


2,076 


1952 


58 


913,376 


5,868 


39,254 


79,766 


65,062 


36,939 


-- 


173 


1953 


58 


917,471 


5,788 


32,019 


80,240 


65,219 


32,224 


400 


172 


1954 


58 


958,516 


6,589 


33,575 


83,009 


69,968 


30,886 


-- 


155 


1955 


61 


1,136,850 


8,333 


32,380 


102,777 


94,218 


44,848 


328 


1,187 


1956 


59 


1,141,123 


3,832 


34,684 


103,944 


96,881 


59,372 


242 


1,070 


1957 


59 


1,130,406 


2,463 


42,750 


114,852 


85,843 


44,687 


-- 


1,079 


1958 


60 


1,186,373 


3,397 


39,586 


127,745 


97,561 


52,311 


300 


2,571 



P.D. 8, Section D. 



65 



No. 4 

MENTS OF TRUST COMPANIES AS OF DEC. 31, FOR YEARS 1949 TO 1958, INCLUSIVE 

(Amounts shown in thousands) 
ASSETS 







Banking 




















Houses, 


Other 


Customers' 














Install- 


Owned 


Real 


Liability 




Interest 








Unsecured 


ment 


Directly or 


' Estate 


on 


Prepaid 


Accrued 


Other 


Total 


Year 


Loans 


Loans 


Indirectly, 
Vaults, 

Furniture 

and 
Fixtures 


Owned, 

etc., 
Directly 

or 
Indirectly 


Accept- 
ances 
Out- 
standing 


Expenses 


but not 
Collected 


Assets 






$104,998 


$ 42,384 


$12,657 


$32 


$ 529 


$ 399 


$1,942 


$1,261 


U, 063, 858 


1949 


141,953 


52,023 


13,178 


27 


272 


413 


2,196 


1,484 


1,167,712 


1950 


153,460 


53,045 


15,176 


26 


2,074 


484 


2,106 


1,240 


1,239,001 


1951 


173,444 


67,637 


15,807 


55 


173 


580 


2,169 


1,843 


1,275,146 


1952 


176,778 


82,266 


16,838 


21 


172 


580 


2,327 


1,389 


1,274,993 


1953 


188,938 


84,169 


17,827 


14 


155 


670 


2,381 


1,387 


1,330,425 


1954 


246,252 


107,390 


19,831 


57 


1,187 


967 


2,761 


1,913 


1,592,692 


1955 


280,975 


120,564 


19,430 


28 


1,070 


869 


2,831 


2,187 


1,621,526 


1956 


277,163 


138,104 


24,817 


76 


1,077 


961 


3,768 


1,924 


1,616,513 


1957 


257,808 


154,121 


26,670 


81 


2,541 


1,459 


4,930 


2,309 


1,717,228 


1958 



LIABILITIES AND CAPITAL 





Accrued 
























for 














Pre- 








Income 


Taxes, 


Other 


Capital 


Capital 


Capital 




Un- 


ferred 








Col- 


Interest, 


Lia- 


Stock 


Stock 


Stock, 


Surplus 


divided 


Stock 


Other 


Total 


Year 


lected 


Ex- 


bilities 


Pre- 


Pre- 


Common 




Profits 1 


Retire- 


Capital 






Not 


penses, 




ferred, 


ferred, 








ment 


Re- 






Earned 


etc. 




R.F.C. 


Other 








Funds 


serves 






$ 3,126 


$ 4,694 


$ 881 




$925 


$35,053 


$43,138 


$15,667 


$ 50 


$13,607 


$1,063,858 


1949 


3,876 


5,688 


927 


-- 


925 


36,253 


44,127 


15,891 


10.0 


15,009 


1,167,712 


1950 


4,024 


6,866 


1,068 


-- 


825 


36,744 


44,701 


15,986 


150 


16,561 


1,239,001 


1951 


5,426 


7,971 


891 


-- 


825 


37,839 


46,801 


17,635 


200 


17,120 


1,275,146 


1952 


6,480 


8,487 


1,205 


-- 


825 


38,464 


49,751 


19,794 


250 


16,204 


1,274,993 


1953 


6,655 


9,716 


1,246 


-- 


800 


38,839 


52,116 


21,479 


50 


16,826 


1,330,425 


1954 


8,932 


9,750 


1,573 


-- 


800 


46,994 


61,137 


24,308 


100 


18,177 


1,592,692 


1955 


9,967 


11,169 


2,854 


-- 


800 


48,897 


61,074 


25,710 


151 


19,756 


1,621,526 


1956 


11,169 


12,742 


6,743 


-- 


800 


50,066 


67,831 


24,913 


25 


20,144 


1,616,513 


1957 


12,707 


13,675 


6,686 


-- 


200 


50,942 


70,681 


26,524 


" 


25,969 


1,717,228 


1958 



'Does not include Trust Department earnings carried in Capital Accounts on Statements 7 and 9. 
2 Includes valuation reserves. 



66 



P.D. 8, Section D 



STATEMENT 
COMPARATIVE STATEMENT OF ASSETS AND LIABILITIES OF SAVINGS DEPARTMENTS 
(Amounts shown in thousands) 
ASSETS 







Cash, 




U. S. 












Number 


Checks 




Government 






Boston 


Tele- 




of 


and 


Balances 


Obligations 


Other 


Railroad 


Terminal 


phone 


Year 


Depart- 


Cash 


with 


Direct and 


Public 


Bonds 


Company 


Company 




ments 


Items 


Banks 


Fully 
Guaranteed 


Funds 


and Notes 


Bonds 


Bonds 


1949 . . 


51 


$803 


$6,446 


$151,179 


$ 7,827 


$1,191 


$31 


$915 


1950 






51 


780 


6,048 


134,823 


10,410 


1,165 


31 


965 


1951 






51 


944 


7,059 


129,788 


10,948 


1,408 


-- 


863 


1952 






52 


849 


7,547 


123,582 


11,360 


1,876 


-- 


861 


1953 






52 


791 


7,701 


115,012 


12,025 


1,794 


-- 


622 


1954 






52 


685 


6,958 


108,376 


12,468 


1,249 


-- 


350 


1955 






54 


736 


6,881 


98,915 


12,630 


711 


-- 


305 


1956 






53 


729 


7,165 


89,392 


12,269 


570 


-- 


300 


1957 






54 


827 


7,661 


91,325 


12,670 


548 


-- 


506 


1958 






55 


750 


8,675 


104,116 


18,005 


458 


— 


381 



LIABILITIES 



Year 


Deposits 


Christmas 

and Other 

Club Deposits 


Income 

Collected 

Not 

Earned 


Accrued 

for 

Taxes, Interest, 

Expenses, etc. 


1949 


$263,296 
253,014 
251,489 
250,087 
244,231 
233,437 
227,293 
214,413 
224,606 
248,588 


$1,232 
1,279 
1,572 
1,783 
2,012 
2,045 
2,203 
2,313 
2,602 
2,782 


$ 41 
44 
54 
57 
53 
49 
64 
60 
129 
85 


$ 800 


1950 


840 


1951 


927 


1952 


898 


1953 


978 


1954 . 


1,111 


1955 


1,021 


1956 


1,190 


1957 


1,283 


1958 . 


1,544 







P.D. 8, Section D. 



67 



No. 5 

OF TRUST COMPANIES AS OF DEC. 31, FOR YEARS 1949 TO 1958, INCLUSIVE 

(Amounts shown in thousands) 
ASSETS 



Gas, 




















Electric 


Federal 




Bank 






Real 








and 


Land 


Other 


and Fire 


Loans 


Loans on 


Estate 


Other 






Water 


Bank 


Bonds 


Insurance 


on Real 


Personal 


Owned, 


Assets 


Total 


Year 


Company 


Bonds 




Company 


Estate 


Security 


etc. 








Bonds 






Stocks 














$814 


$ 95 


$ 24 


$381 


$109,745 


$4,011 


$ 72 


$666 


$284,200 


1949 


761 


196 


3 


381 


114,714 


4,206 


115 


644 


275,242 


1950 


824 


-- 


230 


487 


117,529 


4,351 


15 


599 


275,045 


1951 


853 


-- 


198 


478 


121,608 


4,880 


19 


605 


274,716 


1952 


680 


-- 


168 


491 


124,751 


4,385 


127 


654 


269,201 


1953 


524 


-- 


120 


465 


122,165 


4,325 


108 


593 


258,386 


1954 


348 


-- 


128 


475 


126,110 


5,019 


47 


505 


252,810 


1955 


319 


-- 


78 


528 


123,474 


5,371 


34 


460 


240,689 


1956 


624 


-- 


306 


602 


127,305 


7,908 


18 


561 


250,861 


1957 


596 


-- 


857 


644 


135,635 


6,028 


28 


746 


276,919 


1958 



LIABILITIES 







Net Current 






Other 


Guaranty 


Earnings 






Liabilities 


Fund 


and Other 
Capital Reserves' 1 


Total 


Year 


$ 745 


$10,464 


$7,622 


$284,200 


1949 


876 


11,149 


8,040 


275,242 


1950 


908 


11,573 


8,522 


275,045 


1951 


991 


12,121 


8,779 


274,716 


1952 


1,029 


12,463 


8,435 


269,201 


1953 


1,018 


12,473 


8,253 


258,386 


1954 


1,057 


12,602 


8,570 


252,810 


1955 


2,320 


12,118 


8,275 


240,689 


1956 


2,205 


11,850 


8,186 


250,861 


1957 


2,653 


11,977 


9,290 


276,919 


1958 



1 Includes valuation reserves. 



68 



P.D. 8, Section D. 



STATEMENT 
COMPARATIVE STATEMENT OF ASSETS AND LIABILITIES OF TRUST DEPARTMENTS 
(Amounts shown in thousands) 





Number 


Government, 










Real Estate 






of 


State and 


Other 




Loans 


Other 


by 


Real 


Year 


Depart- 


Municipal 


Bonds 


Stocks 


on Real 


Loans 


Foreclosure, 


Estate 




ments 


Bonds 






Estate 




etc. 


Owned 


1949 


43 


$472,272 


$136,738 


$ 734,759 


$ 6,645 


$2,869 


$ 21 


$32,338 


1950 


43 


516,099 


124,615 


751,889 


6,776 


2,442 


88 


29,480 


1951 


44 


540,099 


136,319 


782,255 


6,458 


2,855 


17 


27,380 


1952 


44 


547,618 


177,953 


812,863 


6,694 


2,316 


15 


27,520 


1953 


44 


564,071 


213,153 


- 847,185 


6,297 


2,050 


104 


27,171 


1954 


43 


581,681 


247,797 


918,480 


6,466 


1,738 


135 


28,481 


1955 


44 


667,925 


296,472 


999,496 


6,376 


5,425 


-- 


28,179 


1956 


41 


711,556 


376,500 


1,043,648 


9,421 


5,797 


-- 


27,452 


1957 


41 


683,622 


460,905 


1,099,028 


12,676 


6,672 


1 


28,386 


1958 


40 


680,453 


540,592 


1,189,037 


19,321 


5,381 


— 


29,060 



P.D. 8, Section D. 



69 



No. 6 

OF TRUST COMPANIES AS OF DECEMBER 31, FOR YEARS 1949 TO 1958, INCLUSIVE 

(Amounts shown in thousands) 



Deposits 






Total 










Subject 


Other 


Other 


Assets 


Trust 




Other 




to 


Bank 


Assets 


and 


Accounts 


Income 


Liabilities 


Year 


Check 


Deposits 




Liabilities 


* 








$47,039 


$15,327 


$ 4,506 


$1,452,514 


$1,431,236 


$20,414 


$864 


1949 


45,187 


18,707 


5,529 


1,500,812 


1,475,799 


24,155 


858 


1950 


46,039 


18,733 


10,403 


1,570,558 


1,547,556 


22,327 


695 


1951 


46,100 


19,722 


12,821 


1,653,622 


1,631,036 


21,840 


746 


1952 


53,267 


18,766 


13,716 


1,745,780 


1,723,183 


22,015 


582 


1953 


62,200 


23,559 


14,751 


1,885,288 


1,861,513 


23,117 


658 


1954 


52,444 


39,420 


14,150 


2,109,887 


2,082,807 


26,504 


576 


1955 


65,515 


25,684 


18,117 


2,283,690 


2,256,378 


26,993 


319 


1956 


61,450 


21,835 


13,805 


2,388,380 


2,361,287 


26,758 


335 


1957 


62,406 


24,330 


15,484 


2,566,064 - 


2,540,050 


25,726 


288 


1958 



Includes Executor, Administrator, etc. 



70 



P.D. 8, Section D. 



STATEMENT NO. 7 

ANALYSIS OF EARNINGS, PROFITS, DIVIDENDS AND CHANGES IN TOTAL CAPITAL 
ACCOUNTS OF TRUST COMPANIES 

COMMERCIAL DEPARTMENT 



(Cents omitted) 


1958 


1957 


1956 


1955 


1954 


1 Current Operating Earnings 

b Interest on U.S. Government obligations . 
c Interest and dividends on other securities 


$34,932,481 

10,527,451 

3,688,505 

3,159,801 

6,394,121 

929,701 

1,502,468 

44,824 

17,730,320 

651,043 


$35,094,500 

9,748,162 

3,275,205 

2,584,995 

5,721,455 

876,571 

905,462 

19,173 

16,951,669 

645.530 


$31,368,920 

9,550,126 

3,018,107 

2,011,976 

5,331,423 

865,364 

1,161,057 

15,824 

16,234,125 

563,367 


$24,667,343 

8,691,623 

2,676,586 

1,599,576 

4,878,241 

844,268 

1,084,793 

13,451 

14,640,057 

426,916 


$20,295,418 
7,516,257 
2,350,994 
1,216,343 
4,347,089 
817 216 






1,110,479 

17,489 

11,327,184 

412,682 


h Income from other real estate owned . . . 
j Other current operating earnings .... 


k Gross current operating earnings .... 


$79,560,715 


$75,822,722 


$70,120,289 


$59,522,854 


$49,411,151 


2 Current Operating Expenses 


$29,713,086 
890,401 

8,213,958 

9,369 

106,712 

159,022 

13,494,659 


$27,424,686 
841,315 

7,140,677 

10,888 

99,455 

447,976 

12.174.839 


$25,493,324 
796,830 

6,562,992 

6,015 

104,171 

246,288 

10,943,484 


$22,593,475 
651,743 

5,865,927 

8,294 

121,348 

112,496 

9.571,373 


$19,853,842 
604,281 

5 242 213 


b Taxes, other than income and real estate . 
c Expense of occupancy and maintenance of 


d Expenses allocable to other real estate 


6,600 
93 174 


f Interest and discount on borrowings . . . 
g Other current operating expenses .... 


61,577 
8.420,112 


h Total current operating expenses .... 


$52,587,207 


$48,139,836 


$44,153,104 


$38,924,656 


$34,281,799 


3 Net Current Operating Earnings Before 


$26,973,508 


$27,682,886 


$25,967,185 


$20,598,198 


$15,129,352 


4 Less: Taxes on Net Income 

b State 


$11,602,521 
2,222,802 


$9,247,141 
1,739,826 


$7,959,920 
1,514,145 


$6,742,144 
1-, 3 13, 388 


$5,978,935 
1,181,773 




$13,825,323 


$10,986,967 


$9,474,065 


$8,055,532 


$7,160,708 




5 Net Current Operating Earnings After 


$13,148,185 


$16,695,919 


$16,493,120 


$12,542,666 


$7,968,644 


6 Profits on Assets Sold or Exchanged and 
Recoveries 


$5,449,256 

24,173 

260,232 

123,648 

1,185,203 


$307,188 

90 

9,273 

247,189 

449,791 

553,671 


$152,952 

9,157 
134,214 
299,416 
701,303 


$389,533 

10,297 

96,703 

302,300 

1,232,591 


$1,994,299 


b Profits on real estate owned by foreclos- 


1,533 
53,584 

134,664 




306,136 




459,183 




$7,042,512 


$1,567,202 


$1,297,042 


$2,031,424 


$2,949,399 


7 Subtotal (5 plus 6g) 


$20,190,697 


$18,263,121 


$17,790,162 


$14,574,090 


$10,918,043 






8 Losses and Charge-Offs 


$2,033,729 
1,756,019 

2,475,107 


$1,984,551 

3,256,879 

6,931 

1,079,545 


$2,159,841 
3,219,739 

2,360,372 


$1,679,577 

2,320,788 

220 

2,805,725 


$929,235 




816,310 


c On real estate owned by foreclosure, etc. 


716 
1,792,252 




$6,264,855 


$6,327,906 


$7,739,952 


$6,806,310 


$3,538,513 


9 Net Profits Before Dividends (7 less 8e) . . 


$13,925,842 
7,800,068 


$11,935,215 
7,203,769 


$10,050,210 
6,871,261 


$7,767,780 
6,408,215 


$7,379,530 
5,047,840 


11 Net Profits After Dividends (9 less 10) . . 


$6,125,774 


$4,731,446 


$3,178,949 


$1,359,565 


$2,331,690 


12 Other Additions to Capital Account 

a Preferred capital sold (par value) .... 

e Transfers from Savings Department . . 


$1,805,000 
2,558,163 

866,658 


$2,025,000 

1,500,500 

961,875 

1,406,417 


$600,000 
1,107,500 

1^741,135 


$1,270,000 

958,532 

15,269,254 

1,051,478 


$450,000 
250,000 

2,535,670 


f Total other additions to capital account . . 


$5,229,821 


$5,893,792 


$3,448,635 


$18,549,264 


$3,235,670 


13 Subtotal (11 plus 12f) 


$11,355,595 


$10,625,238 


$6,627,584 


$19,908,829 


$5,567,360 


14 Other Deductions from Capital Account 

a Preferred capital retired (par value) . . 
b Common capital retired (par value) . . . 

d Transfers to Savings Department .... 


$600,000 
$3,925,438 


$240,000 

1,250,000 

2,642,453 

195,222 


$1,100,000 

2,519,990 

5,383 


-- 


$125,000 
250,000 
672,636 


e Total other deductions from capital . . . 


$4,525,438 


$4,327,675 


$3,625,373 


$40,000 


$1,047,636 


15 Net Change in Total Capital Account 

(13 less 14e) 


$6,830,157 
148,212,236 


$6,297,563 
141,914,673 


$3,002,211 
138,912,462 


$19,868,829 
119,043,633 


$4,519,724 


16 Total Capital Account at Beginning of Year 


114,523,909 


17 Total Capital Account at End of Year 1 .... 


$155,042,393 


$148,212,236 


$141,914,673 


$138,912,462 


$119,043,633 



Includes Trust Department earnings not carried in the Undivided Profits account but does not include valua- 
tion reserves carried in Capital Reserves, on Statements 1 and 4. 



P.D. 8, Section D. 



71 



STATEMENT NO. 8 

ANALYSIS OF EARNINGS, PROFITS, DIVIDENDS AND CHANGES IN TOTAL CAPITAL 
ACCOUNTS OF TRUST COMPANIES 



SAVINGS DEPARTMENT 



Cents omitted 


1958 


1957 


1956 


1955 


1954 


1 Current Operating Earnings 

b Interest on U.S.Government obligations . 
c Interest and dividends on other securities 


$6,504,085 

2,651,244 

477,276 

11,157 

19,372 

1,881 

6,539 


$6,054,437 

2,234,685 

375,861 

5,308 

18,718 

4,842 

4,189 


$5,889,863 

2,347,594 

316,440 

11,362 

14,587 

9,979 

3,685 


$5,679,590 

2,353,016 

311,600 

11,461 

17,646 

21,435 

2,644 


$5,673,040 

2,303,009 

317,703 

12,212 

17,169 


f Income from other real estate owned . . . 
g Other current operating earnings .... 


18,501 
1,958 


h Gross current operating earnings .... 


$9,671,554 


$8,698,040 


$8,593,510 


$8,397,392 


$8,343,592 


2 Current Operating Expenses 


$1,292,389 
18,115 

307,131 

2,069 

5,221,274 

32,263 

671,174 


$1,275,040 
17,990 

292,067 

6,210 

4,359,379 

967 

664,214 


$1,292,670 
16,862 

311,066 

13,203 

3,834,444 

42 

706,171 


$1,294,167 
17,097 

306,367 

32,501 
3,138,356 

698,162 


$1,321,243 


b Taxes, other than income and real estate . 
c Expense of occupancy and maintenance 

d Expense allocable to other real estate 


20,476 

310,840 

37,768 
3,143,492 


f Interest and discount on borrowings . . . . 
g Other current operating expenses .... 


4,804 
694,351 


h Total current operating expenses .... 


$7,544,415 


$6,615,867 


$6,174,458 


$5,486,650 


$5,532,974 


3 Net Current Operating Earnings Before 


$2,127,139 


$2,082,173 


$2,419,052 


$2,910,742 


$2,810,618 


4 Less: Taxes on Net Income 


$657,824 
166,048 


$370,065 
82,089 


$409,994 
88,791 


$615,490 
128,976 


$795,438 


b State 


165,856 








$823,872 


$452,154 


$498,785 


$744,466 


$961,294 






5 Net Current Operating Earnings After 


$1,303,267 


$1,630,019 


$1,920,267 


$2,166,276 


$1,849,324 






6 Profits on Assets Sold or Exchanged and 
Recoveries 


$1,271,383 

32 

17,393 
53,352 
19,611 


$91,703 

1,493 

28,784 

2,477 

101,382 


$12,594 

11,852 

63,153 

161,896 


$56,397 

611 

41,407 
33,761 
61,171 


$638,542 


b Profits on real estate owned by fore- 


3,611 




1,440 




15,601 




34,187 




49,806 








$1,361,771 


$225,839 


$249,495 


$191,347 


$743,187 




$2,665,038 


$1,855,858 


$2,169,762 


$2,359,623 


$2,592,511 


8 Losses and Charge-Offs 


$135,984 

554,012 

1,030 

107,182 


$175,062 

938,064 

1,108 

29,527 


$89,407 

870,344 

34,382 

46,766 


$102,123 

332,305 

39,595 

10,943 


$81,547 


c On real estate owned by foreclosure, etc. 


156,433 

1,147 

30,432 




$798,208 


$1,143,761 


$1,040,899 


$484,966 


$269,559 


9 Net Profits (7 less 8e) 


$1,866,830 


$712,097 
195,222 


$1,128,863 
5,383 


$1,874,657 
40,000 


$2,322,952 


10 Transfers from Commercial Department. 




11 Subtotal (9 plus 10) 


$1,866,830 
866,658 


$907,319 
1,406,417 


$1,134,246 
1,741,135 


$1,914,657 
1,051,478 


$2,322,952 


12 Transfers to Commercial Department. . . 


2,535,670 


13 Net Change in Total Capital Account 

(11 less 12) 


$1,000,172 
18,370,180 


2 $499,098 
18,869,278 


2 $606,889 
19,476,167 


$863,179 
18,612,988 


2 $212,718 


14 Total Capital Account at Beginning of 


18,825,706 






15 Total Capital Account at End of Year . . 


$19,370,352 


$18,370,180 


$18,869,278 


$19,476,167 


$18,612,988 



1 Does not include valuation reserves carried in Capital Reserves on Statements 2 and 5. 

2 Decrease. 



72 



P.D. 8, Section D. 



STATEMENT 

COMPARATIVE STATEMENT OF EARNINGS AND EXPENSES, PROFITS AND LOSSES 

TRUST COMPANIES FOR THE CALENDAR 

(Amounts shown in thousands.) 











Net 
Current 






Losses and Charge-Offs 






Gross 


Total 


Operating 














No. 


Current 


Current 


Earnings 












Year 


of 


Operating 


Operating 


After 


Profits 


Recoveries 


Loans 


Securities 


All 




Cos. 


Earnings 


Expenses 


Taxes 










Other 


1949 


57 


$31,820 


$25,575 


$ 6,245 


$ 448 


$1,275 


$1,804 


$ 602 


$1,973 


1950 


57 


34,692 


28,073 


6,619 


773 


1,039 


1,467 


589 


1,030 


1951 


57 


39,102 


31,694 


7,408 


218 


923 


1,293 


1,032 


1,084 


1952 


58 


42,433 


35,091 


7,342 


212 


1,114 


1,134 


674 


1,275 


1953 


58 


46,637 


38,533 


8,104 


438 


1,319 


648 


946 


1,190 


1954 


58 


49,411 


41,443 


7,968 


2,049 


900 


929 


816 


1,793 


1955 


61 


59,523 


46,980 


12,543 


400 


1,632 


1,680 


2,321 


2,806 


1956 


59 


70,120 


53,627 


16,493 


162 


1,135 


2,160 


3,220 


2,360 


1957 


59 


75,822 


59,126 


16,696 


316 


1,251 


1,985 


3,257 


1,086 


1958 


60 


79,561 


66,413 


13,148 


5,473 


1,569 


2,034 


1,756 


2,475 



STATEMENT 

COMPARATIVE STATEMENT OF EARNINGS AND EXPENSES, PROFITS AND LOSSES 

TRUST COMPANIES FOR THE CALENDAR 

(Amounts shown in thousands.) 













Net 
















Current 








Number 


Gross 


Interest 


Other 


Operating 






Year 


of 


Current 


on 


Current 


Earnings 


Profits 


Recoveries 




Departments 


Operating 
Earnings 


Deposit 


Operating 
Expenses 


After 
Taxes 






1949 


51 


$8,009 


$2,910 


$2,588 


$2,511 


$ 228 


$ 390 


1950 


51 


7,967 


2,857 


2,844 


2,266 


240 


126 


1951 


51 


7,949 


2,817 


3,033 


2,099 


76 


271 


1952 


52 


8,152 


3,055 


3,010 


2,087 


46 


82 


1953 


52 


8,441 


3,160 


3,102 


2,179 


63 


100 


1954 


52 


8,343 


3,143 


3,351 


1,849 


644 


99 


1955 


54 


8,397 


3,138 


3,093 


2,166 


57 


136 


1956 


53 


8,594 


3,835 


2,839 


1,920 


13 


237 


1957 


54 


8,698 


4,359 


2,709 


1,630 


93 


133 


1958 


55 


9,672 


5,221 


3,148 


1,303 


1,271 


90 



P.D. 8, Section D. 



73 



NO. 9 

AND CHANGES IN CAPITAL ACCOUNTS OF THE COMMERCIAL DEPARTMENTS OF 
YEARS 1949 TO 1958, INCLUSIVE 

(Amounts shown in thousands.) 





Profits 








Net 








Transferred 


Other 




Other 


Change 


Total 




Net 


from 


Additions 


Dividends 


Deductions 


in 


Capital 




Profit 


Savings 


to 


Declared 


from 


Total 


Accounts 


Year 




Dept. 


Capital 


or Paid 


Capital 


Capital 


at End . 
of Period 






(Net) 


Accounts 




Accounts 


Accounts 




$3,589 


$2,110 


$1,353 


$3,987 


$1,794 


$1,271 


$100,906 


1949 


5,345 


1,248 


75 


4,212 


-- 


2,456 


103,362 


1950 


5,140 


1,045 


883 


4,274 


444 


2,350 


105,712 


1951 


5,585 


1,119 


1,512 


4,447 


— 


3,769 


109,481 


1952 


7,077 


1,717 


975 


4,649 


77 


5,043 


114,524 


1953 


7,379 


2,536 


700 


5,048 


1,047 


4,520 


119,044 


1954 


7,768 


1,051 


17,498 


6,408 


40 


19,869 


138,913 


1955 


10,050 


1,736 


1,707 


6,871 


3,620 


3,002 


141,915 


1956 


11,935 


1,211 


4,488 


7,204 


4,133 


6,297 


148,212 


1957 


13,925 


867 


4,363 


7,800 


4,525 


6,830 


155,042 


1958 



Does not include valuation reserves carried in Capital Reserves on Statements 1 and 4. 
Dept. earnings not carried in Undivided Profits on Statements 1 and 4. 



Includes Trust 



NO. 10 

AND CHANGES IN CAPITAL ACCOUNTS OF THE SAVINGS DEPARTMENTS OF 
YEARS 1949 TO 1958, INCLUSIVE 

(Amounts shown in thousands.) 



Losses and Charge 


-Offs 




Profits 


Net 










Net 


Transferred 
to 


Change 


Total 
Capital 




















Profit 


Commercial 


Total 


Accounts 


Year 


Loans 


Securities 


All 




Dept. 


Capital 


at End 








Other 




(Net) 


Accounts 


of Period 1 




$145 


$291 


$ 67 


$2,626 


$2,110 


$ 516 - 


$15,916 


1949 


109 


169 


21 


2,333 


1,248 


1,085 


17,001 


1950 


105 


301 


87 


1,953 


1,045 


908 


17,909 


1951 


52 


222 


19 


1,922 


1,119 


803 


18,712 


1952 


31 


489 


68 


1,754 


1,640 


114 


18,826 


1953 


82 


156 


31 


2,323 


2,536 


213^ 


18,613 


1954 


102 


332 


51 


1,874 


1,011 


863 


19,476 


1955 


89 


871 


81 


1,129 


1,736 


607^ 


18,869 


1956 


175 


938 


31 


712 


1,211 


499 2 


18,370 


1957 


136 


554 


107 


1,867 


867 


1,000 


19,370 


1958 



Does not include valuation reserves carried in Capital Reserves on Statements 2 and 5. 
2 Decrease. 



74 



P.D. 8, Section D. 



STATEMENT No. 11 
NUMBER OF DEPOSIT ACCOUNTS IN TRUST COMPANIES 



Date 



Commercial 
Department 



Savings 
Department 



Total 



December 31 
December 31 
December 31 
December 31 
December 31 
December 31 
December 31 
December 31 
December 31 
December 31 



1949 , 
1950, 

1951 , 

1952 , 
1953, 
1954, 

1955 , 

1956 , 
1957, 
1958 



328,266 
344,173 
364,649 
393,248 
412,692 
422,763 
447,351 
447,026 
472,914 
496,695 



449,812 
444,303 
429,229 
432,320 
428,502 
409,978 
407,267 
380,888 
394,468 
416,896 



778,078 
788,476 
793,878 
825,568 
841,194 
832,741 
854,618 
827,914 
867,382 
913,591 



STATEMENT No. 12 

INTEREST, DEPOSITS AND WITHDRAWALS, JANUARY 1, 1958 TO DECEMBER 31, 1958, 

INCLUSIVE, SAVINGS DEPARTMENTS OF TRUST COMPANIES 

(CLUB DEPOSITS EXCLUDED) 



1 Deposits during year (1,262,160) $140,863,058.71 

Interest paid during year 5,125,399.49 

145,988,458.20 

2 Withdrawals during year (652,751) 122,007,456.28 

Increase 23,981,001.92 

Total deposits December 31, 1957 (number of accounts 394,468 average of each $569.39) . . 224,601,669.47 

Total deposits December 31, 1958 (number of accounts 416,896 average of each $596.28) . . $248,587,671.39 



1 Includes merger of Springfield National Bank with the Valley Bank and Trust Company (19,856 accounts 
totaling $14,215,754.09) 

2 Includes Conversion of Pilgrim Trust Company to Pilgrim National Bank (3016 accounts totaling $3,580,368.40) 



P.D. 8, Section D. 



75 



STATEMENT No. 13 

INTEREST PAID BY SAVINGS DEPARTMENTS OF TRUST COMPANIES, YEAR ENDING 

DECEMBER 31 



RATE OF DIVIDEND 


NUMBER OF BANKS PAYING AT EACH RATE 


(Per Cent) 


1958 


1957 


1956 


1955 


1954 


1953 


1952 


1951 


1950 


1949 


1.00 or less 


3 

25 
2 

13 
2 

10 

55 


5 

1 

26 

1 

15 
2 
4 

54 


12 

15 
1 

13 
6 
6 

53 


28 
3 

19 
4 

54 


27 

3 

1 
17 

4 
52 


26 

5 

17 
1 
3 

52 


30 

8 
3 
8 
1 
2 

52 


31 
1 

10 
2 
6 

1 

51 


32 

10 
1 

7 
1 

51 


34 


1.01 to 1.25 


1 


1.26 to 1.50 

1.51 to 1.75 


10 

1 


1.76 to 2.00 


5 


2.01 to 2.25 




2.51 to 2.75 


-- 


2.76 to 3.00 


51 




2.29 


2.21 


1.71 


1.48 


1.46 


1.48 


1.33 


1.28 


1.27 


1.21 



STATEMENT No. 14 

AVERAGE RATE OF INTEREST ON LOANS AND INVESTMENTS OF SAVINGS 

DEPARTMENTS OF TRUST COMPANIES HELD ON DECEMBER 31 

FROM 1949 TO 1958, INCLUSIVE 



YEAR 


Loans 

on 

Real Estate 


Loans on 
Personal 
Security 


Bonds, 
Stocks, etc. 


Average Rate 
Loans and 
Investments 


1949 


4.37 
4.38 
4.38 
4.38 
4.43 
4.52 
4.57 
4.64 
4.79 
4.88 


3.80 
3.63 
3.72 
3.86 
3.92 
3.86 
3.79 
3.97 
4.45 
4.37 


2.22 
2.23 
2.22 
2.26 
2.37 
2.35 
2.43 
2.51 
2.81 
2.76 


3.07 


1950 


3.18 


1951 


3.20 


1952 


3.27 


1953 


3.39 


1954 


3.48 


1955 


3.58 


1956 


3.68 


1957 


3.77 


1958 


3.99 







76 



P.D. 8, Section D. 



STATEMENT 

ASSETS AND LIABILITIES OF CORPORATIONS DOING BUSINESS 

DECEMBER 31, 



ASSETS 



Cash 

and 

Cash Items 



Deposits 



Banks 



Bonds 

and 
Stocks 



Loans 



Chelsea Morris Plan Bank and Bank 
ing Company 

North Shore Bank and Banking Com- 
pany (Lynn) 

The New Bedford Morris Plan Com- 
pany 

Industrial City Bank and Banking 
Company (Worcester) 

Totals 



2,239.98 

83,542.94 

10,572.63 

345,997.79 



$ 66,399.83 

347,668.02 

52,036.45 

502,953.56 



$ 200,133.47 

531,211.45 

1,311,675.69 



$ 442,353.34 



$969,057.86 



$2,043,020.61 



& 401,954.71 
2,859,208.93 
1,712,582.50 
3,923,662.25 



1,897,408.39 



LIABILITIES 



Deposits 

Subject to 

Check 



Other 
Deposits 



Investment 
Certificates 



Deposits on 
Installment 
Certificates 
Hypothecated 



Bills 
Payable 



Chelsea Morris Plan 
Bank and Banking 
Company 

North Shore Bank and 
Banking Company 
(Lynn) 

The New Bedford 
Morris Plan Com- 
pany 

Industrial City Bank 
and Banking Com- 
pany (Worcester) . . 

Totals 



$ 864,048.67 



2,162,847.83 



$ 27,921.97 



227,197.38 



$ 253,731.98 

993,095.99 

1,437,050.52 

3,030,711.98 



87,858.12 
833,734.46 
354,459.74 



$3,026,896.50 



$255,119.35 



$5,714,590.47 



$1,276,052.32 



P.D. 8, Section D. 



77 



NO. 15 

UNDER THE PROVISIONS OF GENERAL LAWS, CHAPTER 172A 
1958 



Overdrafts 


Banking House, 

Vaults, 

Furniture & 

Fixtures 


Prepaid 
Expense 


Interest 
Earned but 
Uncollected 


Other 
Assets 


Totals 




$144.51 
82.27 


$ 8,538.95 

28,599.17 

58,725.86 

144,484.19 


$ 326.56 
897.16 

11,252.20 


$ 11.83 
1,472.66 

5,491.37 


$12,730.29 

1,555.48 
1,336.59 


$ 492,202.15 
3,521,666.86 
2,366,684.37 
6,246,935.91 


1 
2 
3 

4 


$226.78 


$240,348.17 


$12,475.92 


$6,975.86 


$15,622.36 


$12,627,489.29 





Income 

Collected 

Not Earned 


Accrued for 
Taxes, Interest, 
Expenses, Etc. 


Other 
Liabilities 


Common 
Capital 


Surplus and 
Undivided 
Earnings 


Other 

Capital 

Reserves 


Totals 




$ 20,466.74 

144,612.92 

69,936.70 

266,153.13 


$ 4,813.56 
50,831.22 
37,258.39 
31,278.53 


$ 4,025.74 
35,863.55 


$ 50,000.00 

100,000.00 

67,900.00 

150,000.00 


$ 62,358.05 
447,536.82 
138,589.91 
313,994.24 


$ 12,973.70 

59,884.81 

257,463.37 

28,889.27 


J 492,202.15 
3,521,666.86 
2,366,684.37 
6,246,935.91 




$501,169.49 


$124,181.70 


$39,889.29 


$367,900.00 


$962,479.02 


$359,211.15 


£12,627,489.29 





Includes valuation reserves $239,864.84 



78 



P.D. 8, Section D. 



STATEMENT No. 16 

ANALYSIS OF EARNINGS, PROFITS, DIVIDENDS, AND CHANGES IN TOTAL CAPITAL 
ACCOUNTS OF CORPORATIONS DOING BUSINESS UNDER THE PROVISIONS OF 
GENERAL LAWS, CHAPTER 172A 



(Cents omitted) 


1958 


1957 


1956 


1955 


1954 


1 Current Operating Earnings 

b Interest on U.S. Government obligations . 
c Interest and dividends on other securities 

g Bank building income 


$ 673,809 

36,469 

6,223 

184,335 

21,551 

22,047 

1,200 

14.393 


$ 896,486 

52,602 

7,613 

198,831 

24,509 

23,910 

2,574 

12.163 


$1,045,593 
65,721 
10,387 
225,512 
24,273 
28,460 
5,003 

22,940 


$1,078,996 
58,771 
10,649 
222,561 
24,341 
23,851 
5,714 

31,296 


$1,063,338 

40,456 

7,715 

216,488 

23,548 

18,494 

5 738 


h Income from other real estate owned . . . 


30,462 


2 Current Operating Expenses 

a Salaries, wages, directors' fees, etc. . . 
b Taxes, other than income and real estate, 
c Expenses of occupancy and maintenance 


$ 960,027 


$1,218,688 


$1,427,889 


$1,456,179 


$1,406,239 


$ 298,730 
7,954 

81,643 

142,036 
198,754 


$ 391,722 
10,909 

97,689 

163,001 

4,268 

247,643 


$ 450,908 
19,354 

113,295 

188,950 

6,010 

263,024 


$ 451,467 
21,153 

104,136 

178 

230,419 

72,035 

195,363 


$ 443,623 
16,676 

104 055 


d Expenses allocable to other real estate 
e Interest on certificate funds 


201 623 


f Interest and discount on borrowing .... 


1,316 
231,154 




$ 729 117 


$ 915,232 


$1,041,541 


$1,074,751 


$ 998,447 


3 Net Current Operating Earnings Before 


$ 230,910 


$ 303,456 


$ 386,348 


$ 381,428 


$ 407,792 


4 Less: Taxes on Net Income 


$ 70,795 
14.678 


$ 117,346 
21.520 


$ 120,847 
23.843 


$ 124,855 
23,504 


$ 108,727 
20,498 






$ 85,473 


$ 138,866 


$ 144,690 


$ 148,359 


$ 129,225 


5 Net Current Operating Earnings After 


$ 145,437 


$ 164,590 


$ 241,658 


$ 233,069 


$ 278,567 


6 Profits on Assets Sold and Recoveries 


$ 18,228 

28,926 

6.349 


$ 6,533 
53,650 
25,543 

21.483 


$ 1,951 

1,200 

34,137 

29,042 


$ 5,990 

4,500 

36,693 

2,522 


$ 6,375 

120 

31,070 

600 






1,727 




$ 53,503 


$ 107,209 


$ 66,330 


$ 49,705 


$ 39,892 




$ 198,940 


$ 271,799 


$ 307,988 


$ 282,774 


$ 318,459 


8 Losses and Charge-Offs 


$ 58,977 
20,457 


$ 39,593 
7,251 
8,386 


$ 95,442 
47,071 


$ 127,198 
14,687 
12,809 


$ 103,680 




63 




17,547 




$ 79,434 


$ 55,230 


$ 142,513 


$ 154,694 


$ 121,290 


9 Net Profits Before Dividends (7 less 8d) . . 


$ 119,506 


$ 216,569 


$ 165,475 


$ 128,080 


$ 197,169 


10 Dividends Declared 


_$_ 32,432 


$ 54,848 


$ 79,374 


$ 69,743 


$ 68,843 




$ 32,432 


$ 54,848 


$ 79,374 


; 


5 69,743 


$ 68,843 


11 Net Profits After Dividends (9 less 10c). . . 


$ 87,074 


$ 161,721 


$ 86,101 


1 


5 58,337 


$ 128,326 


12 Other Additions To Capital Account 


--- 


--- 


$ 300,000 
150,000 





--- 


e Total other additions to capital account. . 








$ 450,000 










$ 87,074 


$ 161,721 


$ 536,101 


$ 58,337 


$ 128,326 


14 Other Deductions from Capital Account 

a Preferred capital retired (par value) . . . 
b Common capital retired (par value) .... 


--- 


$ 450,000 
652,079 


$ 300,000 
154,748 


$ 125,000 
88,533 


... 


d Total other deductions from capital account 





$1,102,079 


$ 454,748 


$ 213,533 





15 Net Change In Total Capital Account 

(13 less 14d) ^ 


$ 87.074 


$ 940.358 2 


$ 81,353 


$ 155, 196 2 


$ 128,326 


16 Total Capital Account At Beginning of. Year 

17 Total Capital Account At End of Year 


$1,362,651 


$2,303,009 


$2,221,656 


$2,376,851 


$2,248,525 


$1,499,725 


$1,362,651 


$2,303,009 


$2,221,655 


$2,376,851 



Does not include valuation reserves carried in Capital Reserves on Statement 15. 



'Decrease. 



P.D. 8, Section D. 



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80 



P.D. 8, Section D. 



MASSACHUSETTS HOSPITAL LIFE INSURANCE COMPANY 

50 State Street, Boston 

Incorporated February 24, 1818 



Lawrence A. Sykes, President 

George C. Cutler, Vice President and Secretary 



Paul T. Litchfield, Vice President and Treasurer 
Charles V. Briggs, Jr., Assistant Treasurer 



Board of Directors: David Ames, J. B. Ames, G. L. Batchelder, Jr., E. D. Brooks, R. H. Gardiner, 
G. P. Gardner, H. R. Guild, D. H. Howie, P. T. Litchfield, A. P. Loring, L. A. Sykes, 

S. H. Wolcott, H. A. 'Wood, Jr. 



STATEMENT OF CONDITION, DECEMBER 31, 1958 



ASSETS 



Cash on hand and in banks . . 
U. S. Government securities 

Other bonds 

Stocks 

Loans on real estate 

Office equipment (less 

depreciation) 

Investment in subsidiary . . . 
Accrued income receivable . 

Receivables 

Other assets 



23,685.15 
369,543.00 
269,095.29 
837,218.38 

52,176.42 

6,707.34 
14,317.49 
18,075.62 

1,166.44 
543.33 



LIABILITIES 

Accrued expense payable 

Accounts payable- -investments . . . 

Mortgagors tax deposits 

Federal taxes, etc., withheld 

Reserve for repairs 

Reserve for life annuities 

Capital 

stock $100,000.00 
Capital 

surplus 91,758.14 
Earned 

surplus 408,922.81 
Surplus 

reserves 468,931.06 $1,069,612.01 

Less 301 shs. capital 

stock held in treas- 
ury (at cost) 5,900.64 



12,955.17 

73.50 

408.35 

2,184.43 

10,275.00 

502,920.64 



$ 1,592,528.46 



1,063,711.37 
$ 1,592,528.46 



MASSACHUSETTS LIFE FUND 

(Massachusetts Hospital Life Insurance Company, Trustee) 

STATEMENT OF CONDITION, DECEMBER 31, 1958 
ASSETS LIABILITIES 



Cash in banks $ 1,024,926.82 

U. S. Government securities 1,885,768.75 

Other bonds 8,809,884.57 

Stocks 24,165,669.17 

Receivable for shares sold 415,243.70 

Receivable for investments sold . . . 25,811.11 

Accrued income receivable 245,042.95 



Purchase of investment securities. 

Accrued expense payable 

Undistributed net income 

Capital--$2,287,382.11 units . . . . 
Capital gain surplus 



$36,572,347.07 



5 269,868.63 

4,971.20 

94,787.40 

36,184,617.48 

18,102.36 



$36,572,347.07 



HOSPITAL LIFE TRUST 
(Massachusetts Hospital Life Insurance Company, Trustee) 



STATEMENT OF CONDITION, DECEMBER 31, 1958 



ASSETS 

Cash in bank 

U. S. Government securities . 

Other bonds 

Stocks 

Accrued income receivable 



LIABILITIES 

86,395.14 Purchase of investment securities . $ 33.19 

118,962.50 Provision for trustee's compensa- 

286,705.91 tion 11,353.00 

942,852.30 Accrued expense payable 1,245.00 

4,665.30 Income payable January 1, 1959 . . . 58,679.40 
Massachusetts income tax with- 
held 4,688.25 

Provision for taxes on realized gains 4,350.00 

Undistributed net income 570.23 

Capital- -Deposits 
(12,351 units) $1,098,265.80 

Fractional Excess 3,763.02 



$ 1,439,581.15 



Capital- - 
Gain Surplus 



Less Trustees' 
Compensation 



311,053.86 
$1,413,082.68 

54,420.60 1,358,662.08 



$ 1,439,581.15 



P.D. 8, Section D. 81 

CERTIFICATE TRUSTEE 

(Massachusetts Hospital Life Insurance Company, Trustee) 

BALANCE SHEET AS SHOWN BY ITS BOOKS DECEMBER 31, 1958 

ASSETS LIABILITIES 

Cash in banks $747,884.21 Principal $142,188.08 

Income 547,874.63 

Massachusetts taxes withheld 51,015.41 

Federal taxes withheld 6,806.09 



$747,884.21 $747,884.21 



PENSION FUND TRUSTEE 

(Massachusetts Hospital Life Insurance Company, Trustee) 

BALANCE SHEET AS SHOWN BY ITS BOOKS DECEMBER 31, 1958 

ASSETS LIABILITIES 

Cash in banks $ 15,983.29 As trustee: 

Insurance and annuity contracts .... 164,708.92 Invested $489,476.36 

Investment in Massachusetts Life Uninvested 206.06 $489,682.42 

Fund 308,990.21 



$489,682.42 $489,682.42 



BROWN BROTHERS HARRIMAN & COMPANY 

10 Post Office Square, Boston 

Organized January 2, 1931 

(Founded in 1818 as Brown Brothers & Co.) 

Partners: D. G. Ackerman, M. D. Brown, P. S. Bush, Louis Curtis, Gerry Brothers & Co., E. T. Gerry, 

E. R. Harriman, W. A. Harriman, S. Y. Hord, F. H. Kingsbury, Jr., R. A. Lovett, 

J. B. Madden, Thomas McCance, L. P. Shipley, J. C. West, Knight Woolley. 

STATEMENT OF CONDITION, DECEMBER 31, 1958 

ASSETS 

Cash on hand and due from banks $ 63,070,968.57 

United States Government securities 56,388,999.29 

State, municipal and other public securities 51,709,542.23 

Other marketable securities 6,034,853.51 

Loans and discounts 67,348,464.44 

Customers' liability on acceptances 12,940,511.98 

Other assets 1,939,068.30 

$259,432,408.32 

LIABILITIES 

Deposits -- Demand $226,590,875.75 

Acceptances -- Less amount in portfolio 16,112,441.83 

Accrued interest, expenses, etc 503,807.20 

Reserve for contingencies 1,500,000.00 

Capital $ 2,000,000.00 

Surplus 12,725,283.54 14,725,283.54 

$259,432,408.32 
Limited Partner. — 



82 P.D. 8, Section D. 

BAY STATE CORPORATION 

45 Milk Street, Boston 
Incorporated October 9, 1944 

Officers: Philip Eiseman, President; Richard Wengren, Vice President; 

R. F. Heislein, Treasurer; G. A. Hibbard, Assistant Vice President; J. T. Noonan, Secretary and Clerk; 

Eleanor D. Sullivan, Financial Secretary; E. F. Cornwell, Assistant Treasurer 

Directors: F. D. Campbell, T. J. Coolidge, C. E. Cotting, F. C. Dumaine, Jr., Philip Eiseman, 
R. G. Emerson, E. V. Johnson, J. T. Noonan, P. L, Reed, P. H. Theopold 



STATEMENT OF CONDITION, DECEMBER 31, 1958 

ASSETS 

Cash and due from banks $ 188,469.40 

Investments (at book value): 

Member banks $21,157,680.48 

United States Government obligations 264,075.00 

Other bonds 94,039.99 

Stocks 308,437.50 

21,824,232.97 

Other assets 4,721.84 



$22,017,424.21 



LIABILITIES 

Note payable $ 1,000,000.00 

Dividends payable 207,358.80 

Accrued for taxes, interest, expenses, etc 94,649.86 

Deferred income 9,223.28 

Capital: 

Common stock $ 5,643,120.00 

Capital surplus 12,857,039.40 

Undivided profits 2,344,522.87 



$20,844,682.27 

Less cost of shares of Capital Stock held in Treasury 888,490.00 

19,956,192.27 
Reserve for Contingencies 750,000.00 



$22,017,424.21 



INVESTMENT IN SHARES OF CAPITAL STOCKS OF MEMBER BANKS 



Bank 



Beverly Trust Company $10 

The First National Bank of Mansfield 

Harvard Trust Company 

Middlesex County National Bank 

Newton-Waltham Bank &. Trust Company .... 

Norfolk County Trust Company 

The Union Market National Bank of Watertown 
Valley Bank &. Trust Company of Springfield . . 
Winchester Trust Company 



Par 


Shares 


Shares 


Book Value 


/alue 


Outstanding 


Owned 


Shares Owned 


$10 


25,000 


22,075 


$ 629,579.00 


10 


15,000 


10,067 


308,754.89 


10 


200,000 


105,019 


3,771,232.29 


10 


200,000 


106,971 


3,730,078.77 


10 


132,000 


66,561 


2,864,119.83 


10 


220,000 


115,500 


3,609,375.00 


10 


90,000 


55,707 


1,442,254.33 


10 


260,000 


148,119 


4,462,825.47 


10 


20,000 


10,100 


339,461.00 




$21,157,680.48 



P.D. 8, Section D. 



83 



SHAWM UT ASSOCIATION 

40 Water Street, Boston 

Organized May 21, 1928 

Horace Schermerhorn, President Winthrop E. Rich, Treasurer and Secretary- 

Lawrence H. Martin, Vice President Raymond N. Olsen, Vice President and Assistant Treasurer 

Arthur B. Tyler, Vice President and Counsel Gordon F. Urann, Assistant Treasurer 

Trustees: J. J. Kaplan, L. H. Martin, Horace Schermerhorn, L. P. Stack, R. C. Wiggin. 



STATEMENT OF CONDITION, DECEMBER 31, 1958 

ASSETS 

Cash and due from banks $ 95,563.48 

Investments (at book value): 

Member banks 8,527,056.00 

United States Government obligations 1,535,132.00 

Other bonds 242,000.00 

Stocks (other than member banks) 6,266,856.00 

Accrued interest receivable 11,896.98 

Other assets 164,313.25 



$16,842,817.71 



LIABILITIES 

Accounts payable $ 10,449.86 

Accrued for taxes, interest, expenses, etc 68,689.00 

Other liabilities 1,598,378.00 

Capital: 

Common stock 5,000,000.00 

Capital in excess of value stated for common shares 3,233,727.59 

Earned surplus 2,143,682.81 

Unrealized appreciation of investments ($6,383,890.45) 4,787,890.45 

less provision for federal income taxes thereon 



$16,842,817.71 



INVESTMENT IN SHARES OF CAPITAL STOCKS OF MEMBER BANKS 



Name of Bank 

National Bank of Plymouth County $10 

County Bank & Trust Co 

Everett National Bank 

Lexington Trust Co. 

Melrose Trust Co 

Needham National Bank 

Newton National Bank 

Merchants -Warren National Bank 

Somerville National Bank 

Wakefield Trust Co 

Waltham Citizens National Bank . . 
Winchester National Bank 





Number of 


Number of 


Book Value 


Par 


Shares 


Shares 


of Shares 


Value 


Outstanding 


Owned 


Owned 


$10 


75,000 


59,052 


$1,672,353 


10 


30,000 


20,336 


764,634 


10 


30,000 


27,175 


705,735 


10 


20,000 


16,933 


564,208 


10 


20,000 


16,198 


510,723 


10 


15,000 


8,300 


303,033 


10 


50,000 


33,335 


845,376 


10 


60,000 


41,253 


1,084,954 


10 


50,000 


38,120 


975,872 


10 


20,000 


17,992 


526,086 


10 


15,000 


10,494 


309,888 


10 


10,000 


6,680 


264,194 




$8,527,056